Starbucks to close 600 US locations over the next year.

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    Jul 03, 2008 10:48 PM GMT
    http://www.msnbc.msn.com/id/25482250/
    I'm not much of a coffee drinker but I will admit I spend about $30 a month at Starbucks, mostly on frappuccinos. In reality though that's nothing compared to some of the hardcore coffee snobs I know. I can't stand waiting in line behind 5 people. However if the Starbucks across the street closes down I imagine I'm going to end up waiting behind 12 people. Is anybody else predicting mass carnage as a result of Starbucks closing 600 of its US locations over the next year? Did anybody else even know Starbucks was going to do this?
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    Jul 03, 2008 10:49 PM GMT
    a real coffee snob doesn't go to starbucks

    There coffee is utter shit, usually the wrong grind, over compressed and then they burn the bloody stuff.

    at least they did when I was there.
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    Jul 03, 2008 10:51 PM GMT
    It's been in the news for the past couple of days. I dont drink coffee out very often. I have always considered it too expensive. So it certainly doesnt affect me very much.
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    Jul 03, 2008 11:00 PM GMT
    They have been facing declining profits for over a year now.

    Frankly there's too many of them. 15,022 They saturated the market and they asked for it.

    I remember someone telling me that if you stand on the corner of Oxford and Bond street in central London there are 169 starbucks less than 5miles awayicon_rolleyes.gif

    Besides if the Starbucks across your street has a Q of six people in it I doubt it's unprofitable.
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    Jul 03, 2008 11:25 PM GMT
    The Starbucks method has been to open up half a dozen shops surrounding existing coffee shops, drive them out of business, and then consolidate. They are building a monoculture on top of cracking down on any attempts at unionization. Why, even two gay former-employees are suing Starbucks for discrimination. So, glad to see they are closing 600.

    Besides, their coffee is gross, espresso shouldn't be that color, and if I see one more CD on their racks in which Paul McCartney finds a new way to suck I am going to throw up.
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    Jul 03, 2008 11:41 PM GMT
    Some of their coffee is good, but I find them too pricey. I will stick to Tim Hortons thanks.
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    Jul 03, 2008 11:46 PM GMT
  • roadbikeRob

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    Jul 04, 2008 12:14 AM GMT
    Starbucks is great coffee, it is probably the best coffee in my hometown of Buffalo, NY. However, they are a bit too pricey and need to come down to earth. I enjoy visiting Starbucks but it is a little too expensive for my limited budget. I am not suprised by their closing 600 stores, Starbucks was obviously growing their company much faster than the market dictates. I hope they keep their Elmwood Avenue store in Buffalo open because it is the only good coffee in the upscale Elmwood Village neighborhood. The locally owned coffee houses in Buffalo are lousy and can't light a candle to Starbucks.
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    Jul 04, 2008 4:39 AM GMT
    Well, there's a Starbucks Kiosk in the Kroger downtown. If that counts as a store, I understand why they are closing them. There were two starbucks employees at the Kiosk and no-one standing in line.

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    Jul 04, 2008 4:43 AM GMT
    It's really no surprise that major companies are closing stores and laying off employees. We're in a bear market (hopefully not for much longer).

    2347215701_1fd15dff3a.jpg
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    Jul 04, 2008 7:20 AM GMT
    Well I am not fretting there coffee always came cold or too strong?
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    Jul 04, 2008 7:39 AM GMT
    Coffee puts me to sleep.
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    Jul 04, 2008 7:54 AM GMT
    I thought that when they started opening new Starbucks in the restrooms of existing Starbucks that they might have over-saturated the market just a tad.
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    Jul 04, 2008 10:54 AM GMT
    MunchingZombie saidand if I see one more CD on their racks in which Paul McCartney finds a new way to suck I am going to throw up.


    Agree totally. The man perfected being sucky years ago, why screw around with the formula?
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    Jul 04, 2008 10:56 AM GMT
    iguanaSF saidI thought that when they started opening new Starbucks in the restrooms of existing Starbucks that they might have over-saturated the market just a tad.


    Scary, isn't it? I drink a lot of coffee. Last year they applied for a permit to open a franchise right in my kitchen. I told them it would be in the way, so I counter-proposed the spare bedroom. They took it back to corporate, who apparently are studying the idea right now.
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    Jul 04, 2008 11:01 AM GMT
    I'd hit Dunkin' Donuts for coffee over Starbucks anytime... Starbucks coffee has always sucked and is wildly overpriced.

    600 isn't really that many considering how many locations they have, there are at least 5 within a 2 mile radius of my apartment
  • GQjock

    Posts: 11649

    Jul 04, 2008 11:57 AM GMT
    Did they really think that super-saturation of a niche market like COFFEE was going to be a good business plan? icon_confused.gif
    Here in Miami we have an outdoor mall
    and there are 3 of them - one every 2-3 blocks
    How much friggin' Latte could you need?
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    Jul 04, 2008 12:48 PM GMT
    Where I live there are Dunkin Donuts everywhere and probably 1 Starbucks for every 10 Dunkin Donuts. There are 4 Starbucks in a 15 mile radius of me and 6 Dunkin donuts within 4 mile radius.
    While I like Starbucks coffee (around here at least it's not bad and far better than Dunkin Donuts (where I won't by coffee at all.))
    I'll stick to making my own because I like it continental style.