Wednesday, July 02, 2008

Starbucks Closing Stores

Starbucks will be closing 600 of its least earning stores. Displacing about 12,000 employees. It seems like you couldn't turn a corner without seeing a Starbucks. Now many of the Starbucks, built close to each other, may be closing down. Most of the closures will be stores that are considered unprofitable. Starbucks believes that the closures will help other stores profits. What a drag, hopefully none of the stores that I frequent will be shut down. It seems that our economic outlook is going down.