Starbucks to close 500 more shops...

[cosplay]

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The coffee chain Starbucks plans to close 500 stores in the US on top of the 100 it had already announced.

Starbucks shares rose 6% in after-market trading on Nasdaq

Up to 12,000 full and part-time jobs will go, although Starbucks will try to move staff into other stores.
While it is closing underperforming stores, the company is still opening new US outlets, although it is cutting back from 250 to 200 next year.
Starbucks aggressively opened stores in areas hardest hit by the housing slump such as Florida and California.
The company has been hard hit by US consumers feeling the pinch and cutting back on their spending on expensive coffee.
The job losses would be about 7% of the company's global workforce.
Starbucks shares rose 6% in electronic post-market trading on Nasdaq after the announcement was made.

[crush_23]

as in? how bwt in the philippines...close pud...toinks

[peewee_toot]

^
sa states ra cgro ni sis oi. hope so.

luoy kaau ang mga tao ky wa na sai mga trabaho.

[cosplay]

Sa US ra ni. Pero Follow through ra ta.. hahaa.. kita pa nga Third World...

[crush_23]

ah abi ko apil ngari...weeeeee mahal sad nuon jud neh....maypa mag 3 n 1...toinks


i feel sori for those nga najobless...as in true jud neh? luoy pud

[cosplay]

Americans are feeling the pinch already now that gas is $4.

[Rance]

Because American runs on Dunkin! No it's because coffee consumers are now practical with the Starbucks coffee prices.. either you will order a tall, grande and or a vente size it is equivalent to a prize of a gallon of gas lol

[cosplay]

Yeah.. you're right... They're going for the inexpensive ones...

[JSL]

naka kita btw ko sa news last nyt

[ajol]

back to basics


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