Starbucks Closing More Stores!

Jan
29
Submitted by admin on January 29, 2009 - 5:09am
starbucksstores.jpg

Starbucks is reporting that its profit dropped 69 percent in its fiscal first quarter and it plans to close more stores and cut more jobs. The company says it will close 300 underperforming stores in addition to the 600 it already planned to close in the U.S. The closures could result in the loss of 6,000 jobs. Starbucks will also lay off about 700 non-store employees, according to reports.



Source

FILED UNDER:
SIMILAR STORIES:
Bookmark and Share

  Comments

Login or register to post comments

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <i> <b> <em> <strong> <blockquote> <code> <ul> <ol> <li>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for making sure you are a human, to prevent automated spam submissions.
6 + 12 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Please share your opinion, but make sure it is on topic and follows our Community Rules. We moderate comments and prohibit personal attacks, threats, spam, lewd images, or the promotion of your personal website.

Community Rules:

  • We will not tolerate any personal attacks against other members or staff.
  • Threats or violent comments aimed at anyone are never allowed.
  • We have no tolerance for racial slurs or bigotry.
  • We cannot condone the shameless self-promotion of your personal site, business, professional services, or event.
  • Please don't post spam or repetitive content, or private message members with spam.
  • Links, videos, or images containing pornography and/or nudity are not appropriate for our community and will be removed.
  • Please do not post any personal information, we recommend you don't share your full name, email address, phone number, or address online.

Bricks and Stones Gossip Groups

Click here to view our growing list of Gossip Groups!