link (http://www.click2houston.com/money/16762130/detail.html)

Starbucks Closing 600 Stores In U.S. Company Plans To Open Fewer Than 200 Stores in '09

Posted: 3:34 pm CDT July 1, 2008
Updated: 4:14 pm CDT July 1, 2008

Starbucks Corp. said Tuesday it will close 600 stores in the United States in the next year and cut back the number of new stores it had planned to open.

Starbucks said 70 percent of the stores slated to be closed had opened since the start of the 2006 fiscal year. The total includes 100 previously announced store closures.

The company expects charges between $328 million and $348 million related to the closures, including a charge of $200 million in the third quarter.

Once those underperforming stores have shut down - a process the company said will happen gradually from now until the first half of 2009 - Starbucks said it expects the change to boost earnings by $100 million a year.

Starbucks said it will try to place workers from closed stores in remaining Starbucks.

Shares of Seattle-based Starbucks slipped 11 cents to $15.51 in after-hours trading after losing 12 cents to close at $15.62.

Copyright 2008 by The Associated Press. All rights reserved.

I just hope that they don't close the one between my house and work. :eek:

can't say that i'm sad over it. starbucks is overrated and overpriced and i think they're losing their appeal.with gas at $4.29+ (where i live anyway) who wants to pay 4 bucks for a cup of coffee.

give me dunkin donuts anyday. although i feel bad for all the displaced workers who don't get transfered to another store.

although this will be an ongoing trend if the economy stays in a slump. i was at the hairdressers yesterday which i put off for 8 weeks (i'm a bottle blonde, it wasn't pretty) and my hairdresser was telling me he had 3 customers all day and my husband and i were #2 and #3 and we were his last customers. he said people were putting off luxuries like this to afford necessities.

Since I don't drink coffee, this has no effect on me whatsover. :lol: Seriously, I hope all the employees are able to be relocated.

Since I don't drink coffee, this has no effect on me whatsover. :lol: Seriously, I hope all the employees are able to be relocated.
i'm the same way, though my reason for not drinking it is because it upsets my stomach. i've even tried folgers simply smooth without any favorable results. its too bad because i love the aroma of coffee. however coffee ice cream doesn't bother me :)

i did however like starbucks cider. but i bought instant cider packets that taste just as good and save me a lot more money.

coffee is the most overrated **** in the world, even the word makes me cringe. accidently drank some coffee-flavored milk the other day and i was gagging so hard i was sincerely worried that i was going vomit.

coffee is the most overrated **** in the world, even the word makes me cringe. accidently drank some coffee-flavored milk the other day and i was gagging so hard i was sincerely worried that i was going vomit.
oh i love coffee flavored milk:)

I'm going to post what I said on another forum.

It was only a matter of time. There are five Starbucks within 10 minutes of me, two of which had opened this year. They really couldn't have expected to keep doing that with the way the economy is doing now. Plus, Boulder is a tough market, we have a ton of local coffee shops which have been staples of the Boulder scene for years.

Their overexpansion always reminds me of that episode of the Simpsons where Bart gets his ear pierced. He goes to the local mall and passes by like 10 Starbucks stores. When he gets to the piercing parlor, he asks about an earing and the man at the counter replies with something like " Sure we can do that but in about 5 minutes we're turning into a Starbucks." And as he walks out with his shiny new earing, he's drinking a cup of Starbucks coffee.

i have seen some Starbucks that are literally across the street from another Starbucks, or less then a block away - they are oversaturated and overrated.

i have seen some Starbucks that are literally across the street from another Starbucks, or less then a block away - they are oversaturated and overrated.

Half a block from me, there are two Starbucks IN THE SAME BUILDING.

One faces 49th street (between 8th and 9th) and the other - just walk 100 or so yards and make a left - and bingo, there is one one at the corner of 8th Avenue and 49th. Both are in the Worldwide Plaza building.

There is no doubt Starbucks should have seen this coming.

"70 percent of the stores slated to be closed had opened since the start of the 2006 fiscal year?"

;)

oh i love coffee flavored milk:)
I love coffee yogurt - go figure. :crazy:

I heard that on The WGN News last Night and they just opened up a new one where I Live.

starbucks is definitely over-rated and their coffee is nasty and always tastes burnt. so this won't really affect me. i'm getting tired of seeing a starbucks on every block.

I've only tried Starbucks once and i hated it. It was way to strong for me, but i can't complain about the price, it was free. My friends daughter worked for them at the time and she give me a coupon for a free cup of coffee. Still i hate to see all those workers lose their job because of the stores closing down.

I'm going to post what I said on another forum.

It was only a matter of time. There are five Starbucks within 10 minutes of me, two of which had opened this year. They really couldn't have expected to keep doing that with the way the economy is doing now. Plus, Boulder is a tough market, we have a ton of local coffee shops which have been staples of the Boulder scene for years.

Their overexpansion always reminds me of that episode of the Simpsons where Bart gets his ear pierced. He goes to the local mall and passes by like 10 Starbucks stores. When he gets to the piercing parlor, he asks about an earing and the man at the counter replies with something like " Sure we can do that but in about 5 minutes we're turning into a Starbucks." And as he walks out with his shiny new earing, he's drinking a cup of Starbucks coffee.


love the simpson story, thats so funny.:lol:

i have seen some Starbucks that are literally across the street from another Starbucks, or less then a block away - they are oversaturated and overrated.

This is so true. There's a local Target and a Mejiers that are in the same shopping mall and both have a Starbucks inside! :crazy:

Half a block from me, there are two Starbucks IN THE SAME BUILDING.

One faces 49th street (between 8th and 9th) and the other - just walk 100 or so yards and make a left - and bingo, there is one one at the corner of 8th Avenue and 49th. Both are in the Worldwide Plaza building.

There is no doubt Starbucks should have seen this coming.

"70 percent of the stores slated to be closed had opened since the start of the 2006 fiscal year?"

;)
Haha, there are two Starbucks in the mall I work at. I work at a Target with a Starbucks by the front doors. If you go into the mall, you'll find a stand-alone Starbucks.

Also. There is a Barnes & Noble across the street from that mall with a Starbucks in it, annnnnnnnnnnnd an actual Starbucks location w/ a drivethru on the other side of the mall. So there are four Starbucks within 3 blocks here. :crazy:

Haha, there are two Starbucks in the mall I work at. I work at a Target with a Starbucks by the front doors. If you go into the mall, you'll find a stand-alone Starbucks.

Also. There is a Barnes & Noble across the street from that mall with a Starbucks in it, annnnnnnnnnnnd an actual Starbucks location w/ a drivethru on the other side of the mall. So there are four Starbucks within 3 blocks here. :crazy:

I didn't realize there was so many of them that close. And people thought McDonalds was bad with a store on every corner. The invasion of Starbucks.
Sounds like a good name for a new movie.:lol:

I didn't realize there was so many of them that close. And people thought McDonalds was bad with a store on every corner. The invasion of Starbucks.
Sounds like a good name for a new movie.:lol:
The Invasion of Starbucks...it sounds like one of those cheesy B monster movies from the 1950s. :rofl:

Funny thing is.........my town never got one of these! :lol:

Funny thing is.........my town never got one of these! :lol:
wow, where do you live? they're like everywhere.

theres like 3 in the mall by me, one in the Barnes & Noble, a ton on the highway...THEY.ARE.EVERYWHERE.

wow, where do you live? they're like everywhere.

theres like 3 in the mall by me, one in the Barnes & Noble, a ton on the highway...THEY.ARE.EVERYWHERE.
Yeah, no kidding. You cant walk around the corner without seeing one in every strip of business.

Not surprising they have to close some. Nobody needs THAT much coffee.

i don't have a starbucks in my town either, i do have 2 dunkin donuts, 2 mcdonalds and 2 local italian eateries called illianos all than a mile or less from each other.

I live in a town of around 18,000. No Starbucks, No Dunkin Donuts, no Krispy Kreme.

I live in a town of around 18,000. No Starbucks, No Dunkin Donuts, no Krispy Kreme.
Sounds like the Twilight Zone. :crazy: :lol:

I'm hoping the Garfield Heights Starbucks doesn't close because of the closing of Jo-Ann Fabrics over there.

Sounds like the Twilight Zone. :crazy: :lol:


You're about to enter another dimension, one of Cajuns and crawfish, of gators and bayous, next stop...............THE JUDE ZONE!!!!!!!!

*DRAMATIC MUSIC RISES AND SWELLS*

:lol:

Link (http://www.starbucks.com/aboutus/USStoreClosureInfo.pdf)

Yeah, no kidding. You cant walk around the corner without seeing one in every strip of business.

Not surprising they have to close some. Nobody needs THAT much coffee.

Right, especially this time of year when it's hot outside. I drink more coffee in the winter when it's cold. My best friend doesn't drink coffee at all during the summer.

Haha, there are two Starbucks in the mall I work at. I work at a Target with a Starbucks by the front doors. If you go into the mall, you'll find a stand-alone Starbucks.

Also. There is a Barnes & Noble across the street from that mall with a Starbucks in it, annnnnnnnnnnnd an actual Starbucks location w/ a drivethru on the other side of the mall. So there are four Starbucks within 3 blocks here. :crazy:

sheesh. overkill much, ey? lol.
that's how it is over here as well. the target at the mall has a starbucks and there's another starbucks at the other side of the mall.
then two blocks away is another mall (fewer stores) with a b&n with none other than, starbucks coffee!
not to mention all of the other starbucks locations only a couple of blocks away from each other.

A funny joke I just heard on Leno:

Starbucks just announced they're coming out with a new line of fruit smoothies.
This is great for the people who love Jamba Juice but hate paying LOW prices.

A funny joke I just heard on Leno:

Starbucks just announced they're coming out with a new line of fruit smoothies.
This is great for the people who love Jamba Juice but hate paying LOW prices.

:lol: He also mentioned the many, many Starbucks stores a while back. "What, are they building Starbucks' inside other Starbucks' now?" :lol:

:lol: He also mentioned the many, many Starbucks stores a while back. "What, are they building Starbucks' inside other Starbucks' now?" :lol:
:lol: i remember that! i love your gladys kravitz quote cartlover, too funny!

:lol: i remember that! i love your gladys kravitz quote cartlover, too funny!

Thank you, Kimberlee. :D I loved Alice Pearce as Gladys. She was too perfect in the role. LOVED her screams. :rofl:

No big loss.

The only Toledo store that's on the list is the store in The Shops at Fallen Timbers in Maumee.