Starbucks to close 600 stores

[33girl]

Sorry everyone, you're going to have to walk an extra block to get coffee.

http://news.yahoo.com/s/ap/20080702/...ks_closings_18

You would think they would have learned from the Krispy Kreme debacle that super rapid expansion = bad.

Sad news for those who enjoy overpriced coffee.

I'm glad I'm not one of them!

[Munchkin03]

Then why have they opened 2 stores within 2 blocks of my office, not including the other 4 within a 2-block radius?

For real, though...where are these stores being closed?

Originally Posted by Munchkin03

Then why have they opened 2 stores within 2 blocks of my office, not including the other 4 within a 2-block radius?

For real, though...where are these stores being closed?

I have a feeling TPTB at Starbucks don't even know that yet.

[tld221]

Originally Posted by Munchkin03

Then why have they opened 2 stores within 2 blocks of my office, not including the other 4 within a 2-block radius?

For real, though...where are these stores being closed?

According to Fox News, the epitome of fine journalism, over 70% of the stores closing are "underperforming stores that have opened after 2006."

so if youre store is relatively new, more than likely say bye-bye.

lord knows, NYC can afford to lose a couple locations. chances are theyll get replaced by DD or a Duane Reade. cause we surely need more of those.

[jojapeach]

I'm proud to be a Caribou Coffee fan, and I bet the people in their corporate offices are having a pretty nifty day.

33girl: Observing the Krispy Kreme debacle would've meant that the top brass at Starbucks was paying attention to the world. On a serious note, this is a HUGE clue on the times that are a-changing.

[Benzgirl]

Originally Posted by jojapeach

I'm proud to be a Caribou Coffee fan, and I bet the people in their corporate offices are having a pretty nifty day.

33girl: Observing the Krispy Kreme debacle would've meant that the top brass at Starbucks was paying attention to the world. On a serious note, this is a HUGE clue on the times that are a-changing.

When I drank coffee, Caribou was my favorite. Starbucks always tasted burnt

[sigmadiva]

For me Starbucks is an occasional treat, so I'm not too bummed.

[epchick]

So they are going to close 600 stores starting from late July until mid-2009.

YET...they are planning to OPEN 200 stores by 2009, and open around 400 stores by 2010/2011.

Ok Starbucks

[AGDee]

The article I read about it (I think on CNN) said that the stores that will close have been on their "watch list" for a year. They've been watching these stores to see if their sales would increase and they have not, so they are closing.

Closing some stores in areas where there is a glut of them and opening new ones in areas where there currently are none would still make sense from a business perspective. What doesn't make sense is that they opened so many so close to each other to begin with.

[fanofflames]

Originally Posted by jojapeach

I'm proud to be a Caribou Coffee fan, and I bet the people in their corporate offices are having a pretty nifty day.

I use to manage a Caribou Coffee store, and I can definitely tell you that they are suffering worse than Starbucks. I do like Caribou Coffee better, but I moved a year ago to start grad school and there is no store in sight .

[preciousjeni]

I have a number of Starbucks opening in my county and seeking employees. Good luck, Starbucks. Low paying retail/service jobs are played out around here.

[PANTHERTEKE]

This only applies to retail stores, right?

Because my campus has 2 Starbucks and God forbid we're left with only one.

Nah but seriously, it's about time.

[Kevlar281]

I've never been to Starbucks but I really hope they don't get rid of the two Starbucks on South Shepherd and West Gray (right across the street from each other) in Houston. Can't help but think about Lewis Black's standup and laugh everytime I drive by.

[cheerfulgreek]

I don't really like Starbucks coffee. It's way too strong.

If all of them closed I wouldn't miss them.