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Old 06-19-2018, 06:52 PM #1
1bad65 1bad65 is offline
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Default Starbucks says it will close 150 stores next year

Starbucks will close 150 poorly performing company-operated stores next year, about three times as many as it typically closes.

The company told investors late Tuesday that it expects same-store sales to grow just 1% for the quarter that begins next month, lowering its previous guidance. The stock slumped 3.5% in after-hours trading.

"Our recent performance does not reflect the potential of our exceptional brand and is not acceptable," Starbucks (SBUX) CEO Kevin Johnson said in a statement. "We must move faster to address the more rapidly changing preferences and needs of our customers."


Source:
http://money.cnn.com/2018/06/19/news/companies/starbucks-store-closures/index.html
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Old 06-19-2018, 06:57 PM #2
5burowz 5burowz is offline
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Good riddance
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Old 06-19-2018, 07:04 PM #3
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The silver lining might be that the beautiful snow bunnies might stop getting the bbc for losing their favorite drinks?
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Old 06-19-2018, 07:15 PM #4
Derranged Derranged is offline
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I only use Starbucks when I have to take a leak.
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Old 06-19-2018, 07:16 PM #5
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Good ***** 'em. Maybe local shops with better coffee and food can take over.
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Old 06-19-2018, 07:20 PM #6
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I'm not surprised. I was just thinking earlier as I was stirring my home brewed coffee how I used to go to Starbucks daily which would now cost me around $70 a month for a regular coffee and about $100 for the double cup size that I make myself (which costs me next to nothing). Besides which they had opened them literally across the street from each other where I live.
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Old 06-19-2018, 07:36 PM #7
LADIV LADIV is offline
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Good...their coffee is garbage anyway..and overpriced..
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Old 06-19-2018, 07:37 PM #8
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I dunno why people go there anymore. Even small towns have hip/gourmet cafes nowadays. Any city has them every block.

Starbucks has become McDonalds + the "SJW" stigma and hobo syringe restrooms. Not much appeal.
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Old 06-19-2018, 08:49 PM #9
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Quote:
Originally Posted by Derranged View Post
I only use Starbucks when I have to take a leak.
Is that when this was taken

Image View Removed. Please Click Here.
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Old 06-19-2018, 08:49 PM #10
BoxingFan85 BoxingFan85 is offline
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Their coffee is average at best..
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