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Starbucks Closing Stores
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Is Your Local Starbucks Closing?
By now you must have heard that Starbucks is closing 600 of its stateside coffee shops. Last week Starbucks released the official list of the closing stores with a grand total of 616 closures. The closing stores are company-operated stand alone locations; no bookstore, super market, or airport Starbucks will be shuttered.
A Starbucks on Every — Er, Every Other Corner?
Perhaps it's a bad sign when your company's ubiquity becomes the butt of jokes; I particularly loved The Onion's suggestion that Starbucks would open a store in the bathroom of another Starbucks. So I wasn't surprised to read the news that the all-conquering coffee chain is closing 600 US stores.
Whether you're a Starbucks fan or a hater, I bet you know a thing or two about the company's crazy reputation for having a store on every corner — or maybe now it's every other corner?
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Find Out If Your Neighborhood Starbucks Is Closing For Good
No more need for the rumorville, because Starbucks has released a list of the 616 stores that will close their doors for good by June 2009. You may have just been getting to know the green-aproned staff at these locations, as most were opened sometime in the last two years.
The 616 of Starbucks's 7,087 total US stores were unprofitable and many could identify another Starbucks as neighbors.
Starbucks to Close 600 Stores and Fire 12,000 Workers. . . Is Anyone Surprised?
After spending the first half of the year exploring different initiatives meant to direct the coffee company towards a successful future, they've come to terms with the numbers and have announced their plan to close 600 underperforming stores and get rid of 12,000 jobs. That second number represents about seven percent of the company's global workforce.
The news is obviously not good for those employees whose positions will be eliminated, but is anyone actually surprised that so many stores will be closing?
Starbucks Hopes to Regain Footing With Adjusted Prices
So far, 2009 hasn't been any better for Starbucks than 2008, and the coffee giant continues to try and regain lost footing, hoping to make up for a 77 percent drop in profits last quarter. To promote value, Starbucks has announced plans to lower prices on basic drinks.
Beginning May 5, items such as the store's grande iced coffee will now retail for less than $2, giving some customers as much as 45 cents in savings.
Starbucks to Halt Continual Brewing of Decaf After Noon
Starbucks may be generously giving back to the community, but it's a bit more tight-fisted when it comes to labor and production costs. As part of a drive to save the coffee giant $400 million by September, Starbucks announced Tuesday its stores will stop regularly brewing decaffeinated coffee after 12 p.m. The company said in a statement:For many of our stores, the demand for decaf is greatly reduced in the afternoon.
Caffeinated Regulars Launch Save Our Starbucks Campaign
Now that Starbucks has come forward with its official list of stores to close by the first half of 2009, some of the stores' regulars have banded together in launching a Save Our Starbucks campaign. On its website, the caffeine crusaders are asking other Starbucks lovers to "tell the world your Starbucks story and how much you value your local location."
The appeals from customers are coming to Starbucks in the form of letters, phone calls, and petitions.
Starbucks Plans to Make Over Its Unaffordable Image
It doesn't take a CEO to come up with smart business ideas. When I asked you if you thought Starbucks would survive the recession, many of you responded that the struggling coffee company might make it through the storm if it introduced lower prices. While the company ended 2008 by announcing a new line of tea lattes, it's already realized that surviving 2009 might take an image overhaul — and that means introducing more value-oriented products.
Amid Lean Times, Starbucks Buys a Jet
It's been all over the news that Starbucks took a financial hit in 2008. So why is the coffee giant starting off its year on an even riskier note?
Flight records indicate that Starbucks purchased a $45 million corporate jet — around the same time last month it announced it was reevaluating its employee 401(k) matching policy.
Starbucks Has a New Strategy: Sell in Subway Shops
Hoping to put an end to hemorrhaging sales, Starbucks is moving full speed ahead with a new strategy. In addition to cutting workers' hours and streamlining recipes, the nation's largest coffee chain will be entering a partnership with the country's biggest sandwich franchise, Subway. Next month, select Subways will start selling Starbucks-owned Seattle's Best Coffee.
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