BIGUN 1,490 #1 July 2, 2008 We are in a recession. 600 stores closing and 12000 jobs lost. SAN FRANCISCO (MarketWatch) -- Starbucks Corp., dragged down by a slowing U.S. economy, is pulling the plug on 600 of its underperforming U.S. coffee shops and trimming the number of stores it had planned to open over the coming year. The shutdowns, starting now and running through March 2009, are far more than the coffee-shop chain had originally planned. In January, Starbucks said it planned to close 100 U.S. stores as part of the transformation plan set in motion by Howard Schultz shortly after he returned as CEO. http://www.marketwatch.com/news/story/starbucks-pulling-plug-600-us/story.aspx?guid=%7B874B1409-ABC3-432E-85AA-4201C052948C%7D&dist=msr_64 Folgers anyone?Nobody has time to listen; because they're desperately chasing the need of being heard. Quote Share this post Link to post Share on other sites
ryoder 1,590 #2 July 2, 2008 Is that "closing 600 stores nationwide", or "closing 600 stores per city"? "There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones. Quote Share this post Link to post Share on other sites
masterblaster72 0 #3 July 2, 2008 QuoteWe are in a recession. 600 stores closing and 12000 jobs lost. SAN FRANCISCO (MarketWatch) -- Starbucks Corp., dragged down by a slowing U.S. economy, is pulling the plug on 600 of its underperforming U.S. coffee shops and trimming the number of stores it had planned to open over the coming year. The shutdowns, starting now and running through March 2009, are far more than the coffee-shop chain had originally planned. In January, Starbucks said it planned to close 100 U.S. stores as part of the transformation plan set in motion by Howard Schultz shortly after he returned as CEO. http://www.marketwatch.com/news/story/starbucks-pulling-plug-600-us/story.aspx?guid=%7B874B1409-ABC3-432E-85AA-4201C052948C%7D&dist=msr_64 Folgers anyone? Great news. Hopefully now there will only be three Starbucks within a four-block radius of my apartment, rather than six. Be humble, ask questions, listen, learn, follow the golden rule, talk when necessary, and know when to shut the fuck up. Quote Share this post Link to post Share on other sites
BillyVance 35 #4 July 2, 2008 Yeah, ain't much sense in spending $6 or so for a gourmet coffee, when you can just get a can of Mountain Dew for 60 cents or so. Just glad I don't have stock in Starbucks. "Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban Quote Share this post Link to post Share on other sites
AggieDave 6 #5 July 2, 2008 Maybe they'll close that Starbucks that is across the street from Starbucks in Houston? Actually a while back I read a really interesting article about how McDonald's Iced Coffee was pulling a lot of profit away from Starbucks. Now there are a lot of fast food restaurants offering premium coffee drinks for less than half the price of Starbucks. I wonder if Starbucks will also lower prices to try to save their company. I would say "save their souls" but that's already gone, so all they have left is the company. --"When I die, may I be surrounded by scattered chrome and burning gasoline." Quote Share this post Link to post Share on other sites
ChasingBlueSky 0 #6 July 2, 2008 QuoteMaybe they'll close that Starbucks that is across the street from Starbucks in Houston? If you read the internal reports and the stuff they pass on to shareholders, this is part of the problem. They admit they over extended the company but feel they landed plenty of profit during that time. Their solution is to downsize and to get back to presenting the true "Starbuck's Experience" which is supposed to go beyond just getting good coffee. I wouldn't connect this to the recession as they have been discussing this for nearly a year now._________________________________________ you can burn the land and boil the sea, but you can't take the sky from me.... I WILL fly again..... Quote Share this post Link to post Share on other sites
AWL71 0 #7 July 2, 2008 This is a good sign. Maybe some common sense is returning as people realize they probably should not pay $6 for a cup of coffee.The most terrifying words in the English language are: I'm from the government and I'm here to help. Quote Share this post Link to post Share on other sites
JohnnyD 0 #8 July 2, 2008 Quote I would say "save their souls" but that's already gone, so all they have left is the company. Do you know what the single most expensive cost per cup of coffee Starbucks passes down to consumers? Quote Share this post Link to post Share on other sites
jcd11235 0 #9 July 2, 2008 Quote Yeah, ain't much sense in spending $6 or so for a gourmet coffee, when you can just get a can of Mountain Dew for 60 cents or so. Unless, of course, one is partial to flavor in their beverages. Have you ever tasted a Mountain Dew? (Not that I spend six bucks on a cup of coffee, maybe $2 if I'm away from home and can't brew it myself) Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
VTmotoMike08 0 #10 July 2, 2008 Mmm Mountain Dew... breakfast of champions for us college kids Quote Share this post Link to post Share on other sites
jcd11235 0 #11 July 2, 2008 Quote Mmm Mountain Dew... breakfast of champions for us college kids Around here, the typical student breakfast involves coffee, beer (or other alcohol), or energy drinks (Red Bull, Monster, etc.). Mountain Dew is for caffeine lightweights. Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
Icon134 0 #12 July 2, 2008 Quote Quote I would say "save their souls" but that's already gone, so all they have left is the company. Do you know what the single most expensive cost per cup of coffee Starbucks passes down to consumers? No... but I'm hoping you are going to tell us... as for mountain dew... sweet/sugary is, I believe, considered a flavor... just because something doesn't have a "bitterness" to it doesn't mean something doesn't have flavor... Livin' on the Edge... sleeping with my rigger's wife... Quote Share this post Link to post Share on other sites
jakee 1,597 #13 July 2, 2008 QuoteStarbucks Corp., dragged down by a slowing U.S. economy, Or maybe dragged down by people finally realising how crap Starbucks coffee really is?Do you want to have an ideagasm? Quote Share this post Link to post Share on other sites
NewGuy2005 53 #14 July 2, 2008 Quote Actually a while back I read a really interesting article about how McDonald's Iced Coffee was pulling a lot of profit away from Starbucks. I had an Iced Mocha at the new "McCafe" a couple of days ago. It was excellent and a lot cheaper than S.B's. Quote Share this post Link to post Share on other sites
JohnnyD 0 #15 July 2, 2008 From the 60 minutes interview with the CEO of Starbucks: As a teen, Schultz says his dream was to get out. "It was, I never allowed myself to dream beyond that. I was afraid to dream beyond that." Dreams, he told us, seemed futile after his father, Fred, was injured on the job. "This is the hallway I walked down at the age of 7 and opened up that door and saw my father on a couch with a cast," Schultz recalls. "He broke his leg on the job. He was a delivery driver, picking up and delivering cloth diapers. Terrible job. "When he fell on the job, he basically was turned loose. He was out of work. There was no hospitalization, no health insurance, no workman's compensation and we were done as a family and I saw the hopelessness, I saw the plight of a working class family, I saw the fracturing of the American dream first hand at the age of 7. That memory scarred me." Schultz has organized his company around that memory. He provides health insurance to employees who work as little as 20 hours a week. He raised prices to do it. And now Starbucks spends more on health care than it does on coffee. Quote Share this post Link to post Share on other sites
jcd11235 0 #16 July 2, 2008 Quote From the 60 minutes interview with the CEO of Starbucks: … Schultz has organized his company around that memory. He provides health insurance to employees who work as little as 20 hours a week. He raised prices to do it. And now Starbucks spends more on health care than it does on coffee. I've heard that elsewhere, and since then have been more inclined to buy Starbucks when I'm out and want coffee. (Also, a large coffee at Starbucks is less than 1¢ per ounce more expensive than a large coffee at McDonald's (worst cup of coffee nearby) or the cheapest of about half a dozen coffee shops on campus (quality comparable to Starbucks). Still, I can brew better coffee than any of them when I'm home. Speaking of which … Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
BillyVance 35 #17 July 2, 2008 Quote Quote Mmm Mountain Dew... breakfast of champions for us college kids Around here, the typical student breakfast involves coffee, beer (or other alcohol), or energy drinks (Red Bull, Monster, etc.). Mountain Dew is for caffeine lightweights. Hey, I'm 40 years old. Mountain Dew is a good medium. I just want to wake up, not bounce off the walls. "Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban Quote Share this post Link to post Share on other sites
kelpdiver 2 #18 July 2, 2008 QuoteQuoteMaybe they'll close that Starbucks that is across the street from Starbucks in Houston? If you read the internal reports and the stuff they pass on to shareholders, this is part of the problem. They admit they over extended the company but feel they landed plenty of profit during that time. Their solution is to downsize and to get back to presenting the true "Starbuck's Experience" which is supposed to go beyond just getting good coffee. I wouldn't connect this to the recession as they have been discussion this for nearly a year now. Yep - this is only marginally related to the economy, and much more about a company with over 7000 outlets in the US. Quote Share this post Link to post Share on other sites
mnealtx 0 #19 July 2, 2008 Quotegetting good coffee. Well, that takes Starbucks out of the picture anyway....Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
jcd11235 0 #20 July 2, 2008 Quote Hey, I'm 40 years old. Mountain Dew is a good medium. I just want to wake up, not bounce off the walls. For many years, I drank soda almost exclusively. For few of those years, Mountain Dew was my preferred brand. These days, I drink mostly water, plus a couple cups of coffee each day. I'll occasionally have a soda (once every couple months or so), but they just don't taste very good anymore (except IBC root beer ). I doubt I could even finish a can of Coke or Mountain Dew unless I was dehydrated and thirsty. Coffee, on the other hand … . Interesting info regarding caffeine in different food and drink products. Another interesting [url "http://www.cs.uwaterloo.ca/~alopez-o/Coffee/caffaq.html#CaffeineWithdrawal"]link Also here Interestingly, 8 fluid ounces of Ben & Jerry's coffee flavored ice cream has more caffeine than a can of Mountain Dew. Eight ounces of Ben & Jerry's Coffee Heath Bar Crunch ice cream has more caffeine than a can of Jolt Cola, Vault, or Red Bull. Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
lawrocket 3 #21 July 18, 2008 And here's the list of store closures, in .pdf format. http://www.starbucks.com/aboutus/USStoreClosureInfo.pdf I have been to PLENTY of these stores. I'll count which ones I've been to: Anaheim Fresno (2) Brea (1) Castaic Corona (1) Exeter Huntington Park Laguna Beach (I really liked that one) Lake Forest Modesto (a standard stop on the way to Sacramento) Tustin (2) Visalia I've been to the shutting ones in Broomfield, CO Lakewood, CO Bloomfield, NM Hampton, VA Hmm. A bit of an astonishing dead Starbucks tour, eh? Iv'e been to 18 of the closing Starbucks. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
ryoder 1,590 #22 July 18, 2008 Quote I've been to the shutting ones in Broomfield, CO You've been to a Starbucks a mile from my house, and didn't even stop by to say "Hello"???Never could figure out why they bought that store from Peet's, when they already had the store in the shopping center diagonally across the same intersection."There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones. Quote Share this post Link to post Share on other sites
lawrocket 3 #23 July 18, 2008 Hey. I didn't know you were there. I used to hang out in Westminster. I went to Broomfield once (normally just passed through on the way to Boulder). It's grown! My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
