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Old 07-01-2008, 02:20 PM   #1
Snowflake
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Is Starbucks Passé?

Closing 600 (underperforming) stores!

I guess so, with a shop every other block, can't compete against itself.
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Old 07-01-2008, 02:35 PM   #2
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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.
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Old 07-01-2008, 02:43 PM   #3
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Old 07-01-2008, 02:57 PM   #4
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TeeHee, the Disney Stores of the early 21st century!
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Old 07-01-2008, 03:01 PM   #5
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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
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Old 07-01-2008, 03:13 PM   #6
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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.
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Old 07-01-2008, 03:36 PM   #7
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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.
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Old 07-01-2008, 03:37 PM   #8
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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
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Old 07-01-2008, 06:33 PM   #9
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I don't stop at SB if I can find any other coffee outlet. LSPE, I do the same thing; thinking how I want to spend my daily calories. I'm not as good as you, as I don't count them or keep very good track, but I do try to pay attention to what has a zillion calories in it.

Sadly, my cafe au lait does. Especially when I get the yummy syrups in it. I've taken to getting tea instead. I do like tea.
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Old 07-01-2008, 07:01 PM   #10
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the last time I hit a SB was doing my Christmas shopping. Before then it was the previous November. I don't get out for Cofee too often so not much of a big loss for me...I brew my own.
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