Starbucks closing 600 stores in the US

[Capper]

SEATTLE -- Starbucks has announced it's closing 600 underperforming stores in the United States.
The Seattle premium coffee company also announced Tuesday it expects to open fewer than 200 new company operated stores in the United States in fiscal 2009.
The company says it will try to place workers from closed stores in remaining Starbucks.
CEO Howard Schultz says unprofitable stores were identified through a review aimed at transforming the business for the long-term.
The stores are spread across all major U.S. markets, and 70 percent have been opened since the beginning of fiscal 2006.
Schultz said in a statement that Starbucks is focused on improving efficiency, customer satisfaction and shareholder value.
Starbucks says the aggregate pretax charges for the store closures will range from $328 million to $348 million.

Starbucks closing 600 stores in the US

I wonder if this means they'll be closing one of the eight Starbucks we have within a 4 mile radius of my house (Honest to God)

[Hitman]

So they will still have 9 million open?

[oldman_gamer]

We have a store at the mall which is about 18miles away...and a new one just opened in the other direction,about 10m away.I haven't been to either.I think they are over priced....from what people tell me. I stop every day for a med reg coffee from a small chain coffee and donut shop called Curry Donuts,for $2 that includes the tip. That comes to $48/mos for a stinkin coffee.:dontknow:

[Jokerswild]

Yea there's too many of them I suppose. We have them in a chain of grocery stores here as well as the malls and some in strip malls. Love the coffee though so I buy it at Wal-mart.

[screwballl]

in Pensacola, FL, they just built 2 new ones... in an area where there are 4 existing shops within 2 miles... one of the 4 is built into the main hospital...

[Reloadron]

When times get hard...

Ron

[drew and not u]

People often complain about how expensive Starbucks is, but a lot of that is attributable to the fact that they actually treat their farmers like human beings, giving them fair wages and health benefits.

[Capper]

Originally Posted by screwballl

in Pensacola, FL, they just built 2 new ones... in an area where there are 4 existing shops within 2 miles... one of the 4 is built into the main hospital...

i just remembered something.....we have 12 in a four mile radius....I forgot the four that are built into the grocery stores in our neighborhood.

[azianai]

HA rich, i got you beat. WE got 3 within 2 miles of my house lol. Also got 3 Dunkin Donuts

[screwballl]

luckily there are none in this small town... although there are 3 local coffee shops... but within 20 minutes there are 4 that I know of, 2 in Destin, 1 in Ft Walton and 1 in Crestview