Is Starbucks Passé?
 

Closing 600 (underperforming) stores!

I guess so, with a shop every other block, can't compete against itself.

The economy is down, and first to go are the non-essential expenses.

Similar news is coming from all kinds of retail - I heard a huge list including rock-solid mall stores such as Ann Taylor and Foot Locker were shuttering stores because they had grown way too quickly in the good times and now had to cut back to deal with the bad. I'm reminded of selling a few of my little green homes while playing Monopoly because I grew too fast.

Oh, and Starbucks has officially beyond peaked, I think.

TeeHee, the Disney Stores of the early 21st century!

If they're doing it before they become a problem, then it's just smart business. Planning ahead, and all that.

OTOH... Peet's seems to be growing :)

When you have a stand alone Starbucks in the same center with a Starbucks in the grocery store and a Detrichs in the Sports Chalet all in a center located less than a half mile from another Starbucks....

Not surprised at all.

Half a mile? Half a BLOCK, more like.

I've never been that hot on Starbucks - I used to stop in more often because it's the only coffee by work. I'd generally prefer an indie company. But nobody's been getting my business, because between watching wallet and calories, it's not how I'd choose to spend what I'm allotting myself.

I know Ive cut out a slew of the SB trips I used to make. that latte' effect, where $4.35 over the course of a week/month/year....blah blah adds up to a gazillion dollars I could find better use for. figure better saved for another (partial) gallon of gas

Only 600? Will anyone even notice?