Starbucks to close 500 more shops

Subject: Starbucks to close 500 more shops Wed Jul 02, 2008 12:25 pm

Starbucks to close 500 more shops

The coffee chain Starbucks plans to close 500 stores in the US on top of the 100 it had already announced.

Up to 12,000 full and part-time jobs will go, although Starbucks will try to move staff into other stores.

While it is closing underperforming stores, the company is still opening new US outlets, although it is cutting back from 250 to 200 next year.

Starbucks aggressively opened stores in areas hardest hit by the housing slump such as Florida and California.

The company has been hard hit by US consumers feeling the pinch and cutting back on their spending on expensive coffee.

The job losses would be about 7% of the company's global workforce.

Starbucks shares rose 6% in electronic post-market trading on Nasdaq after the announcement was made.
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"Computer games don't affect kids; I mean if Pac-Man affected us as kids, we'd all be running around in darkened rooms, munching magic pills and listening to repetitive electronic music. ~ Marcus Brigstocke
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Subject: Re: Starbucks to close 500 more shops Wed Jul 02, 2008 6:08 pm

YES

my War Against Starbucks is succeeding!
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Godamnit, Gump! You're a goddamned genius! That's the most outstanding answer I've ever heard. You must have a godamned I.Q. of a hundred and sixty! You are godamned gifted, Private Gump!

Subject: Re: Starbucks to close 500 more shops Thu Jul 03, 2008 9:16 am

Awww....I hate their prices but it's Paige's big treat to get a frappucino with whipped cream and syrup when we go to the mall. Of course, with this economy we don't go near as often, but I hardly think I can be blamed for affecting their profit margin to any extent.
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Subject: Re: Starbucks to close 500 more shops Wed Jul 23, 2008 1:47 pm

If the Commies won, there would be Starbucks everywhere. This place closing a lot of shops is a win for the American way.

-HECK!
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Subject: Re: Starbucks to close 500 more shops Wed Jul 23, 2008 2:10 pm

I don't drink coffee, so Starbucks is kind of an enigma to me. I see people running in and ordering their tall short grande latte butter cream vanilla triple whatsies, and I just know that the world's gone crazy.
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"Computer games don't affect kids; I mean if Pac-Man affected us as kids, we'd all be running around in darkened rooms, munching magic pills and listening to repetitive electronic music. ~ Marcus Brigstocke
Gaboman's most recently played songs:

Subject: Re: Starbucks to close 500 more shops Thu Jul 24, 2008 12:42 am

When I was out of work I went to the Starbuck near my house a few times, got a tall cup of regular coffee, little bit of cream, and sat outside to ponder. And smoke.

-HECK!
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Subject: Re: Starbucks to close 500 more shops Thu Jul 24, 2008 7:58 am

I bet you had a laptop/notebook in front of you, pretending to be typing something important.

That's what I find most people do.
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"Computer games don't affect kids; I mean if Pac-Man affected us as kids, we'd all be running around in darkened rooms, munching magic pills and listening to repetitive electronic music. ~ Marcus Brigstocke
Gaboman's most recently played songs:

Subject: Re: Starbucks to close 500 more shops Thu Jul 24, 2008 11:44 am

Actually I had a small pizza box that I drew on to look like a laptop.

-HECK!
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