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It's Getting Worse

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Starbucks continues on a downward spiral.

The coffee chain has announced plans to to close 61 of their 84 stores in Australia.

The closures will go into effect by Sunday!

Strabuck's stock price should be plummeting right about now.

[Image via WENN.]

    Posted: Jul 30, 2008 at 11:45 am / Email this  »
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    154 comments to “It's Getting Worse”

    More comments: [1] 2 »

    1. fist says – reply to this


      1

      first

    2. jenny says – reply to this


      2

      I love how your hate for Miley somehow makes it's way into other news.
      It's awesome.

    3. jamie says – reply to this


      3

      FIRST

    4. Em says – reply to this


      4

      This economy is scaroood

    5. Amy says – reply to this


      5

      OK. So why is Slutty Cyrus' pic there??



    6. 6

      zzzzzzzzzzzzzzzzzzzzzzzz

      I guarantee..that I

      could zell their coffee…..

      zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

    7. Angie says – reply to this


      7

      why the pic of miley? i dont get it.



    8. 8

      Now that's karma at work.

    9. good says – reply to this


      9

      We broke!

    10. ceec says – reply to this


      10

      it is the fault of Starbucks-they expanded so fast and people at first loved going there-but when you are having $ problems, that $7 latte gotta go. Everyone just say $$$$ in front of them and I am sure there are some that got rich. Their marketing/financial people should have known it would not last 4ever-just like all those video stores in the mid80's nail places in the 80's and again in 2000, tanning places in the 90's and now that gelato ice cream-they are popping up all over-

    11. ml says – reply to this


      11

      good. starbucks was an embarrasment anyway. $5 coffee?? ridiculous. anyone who thought it was more than a fad deserves to lose their money…

    12. b says – reply to this


      12

      first

    13. Ash says – reply to this


      13

      First

    14. jo says – reply to this


      14

      Yikes

    15. reggi says – reply to this


      15

      IT'S THEIR OWN STUPID FAULT!!! THEY GREW TOO FAST, IT ALWAYS HAPPENS THIS WAY, DUHHHHH

    16. Kate says – reply to this


      16

      FIRST! =)

    17. yoyoy says – reply to this


      17

      They don't even care, ahaha.

    18. 1st says – reply to this


      18

      MILEY CYRUS IS AN IDIODIC SKANK WHORE! HER TEETH MAKE ME WANT TO PUKE! THE ONLY THING I LIKE ABOUT HER IS HER MUSIC, AND THAT IS IT! EVERYTHING ELSE ABOUT HER IS SLUTTY AND SHITTY!!!!

    19. PoDt says – reply to this


      19

      Maybe now they will stop charging obscene amounts of money for mediocre coffee.

    20. Kato says – reply to this


      20

      STOP with the Miley stuff. You are now looking like a middle school boy. Stop. Can we chat about people who are at least old enough to drive. You child!!! Stop talking about Disney stuff. We don't care. We are all older than 16, douche!

    21. G says – reply to this


      21

      Dum Dum Dum………..

    22. anne says – reply to this


      22

      Well it is only natural, I mean it is a Starbuck on EVERY corner of the US basically.

    23. James says – reply to this


      23

      Perez,
      STOP
      HATING
      ON
      MILEY
      CYRUS

      Selena Gomez is not and never will be the new miley cyrus, miley hasnt even near reached the peak of her fame yet, soon she will be the number one star in the world and she deserves it. selena gomez can kiss your fat tub of lard ass

      The media is just brining miley up now to tear her down in a few years, lets hope when that happens she bounces back gracefully and doesnt turn into the next britney spears

    24. carot says – reply to this


      24

      and down comes the empire~

    25. scott says – reply to this


      25

      poor people that are loosing their jobs

    26. Sarah says – reply to this


      26

      That's crazy!!
      But with the shit economy, in today's world, no wonder people don't want to spend $4.00 for a cup of regular joe.
      Sheesh!

    27. mami says – reply to this


      27

      first……



    28. 28

      waaaaaaaa

    29. renee says – reply to this


      29

      wut does miley have to do with this???

    30. scott says – reply to this


      30

      Starbucks will survive but what about all those employees?

    31. Chris says – reply to this


      31

      There stock went down …when they lost me … good for the green monster!!!

    32. ? says – reply to this


      32

      Re: DaBitchIzIndakrazihouze – Where are you typing from? Your comments always say zzzzzzzzzzzzzzzzzzzz, is that just your computer?

    33. Am says – reply to this


      33

      In other words, there will be a Starbucks on every OTHER corner instead of EVERY corner.



    34. 34

      OMG NOOOO!!

    35. scott says – reply to this


      35

      By the way who is the girl with an x on her face?

    36. you s says – reply to this


      36

      learn about the stock market before you comment on it. Because they are losing money, they have to stop the bleeding by closing stores and laying people off. Because they are doing something to stop the losses, the stock will only go up as investors see that they are doing something for the best of the business.

    37. Mitt says – reply to this


      37

      Well I guess the Mormon's are God's chosen. They got their wish.

    38. Mered says – reply to this


      38

      OUR POOR NATION…WHAT HAS IT CAME TO! :(

    39. mme says – reply to this


      39

      lets blame miley :) aha

    40. size0 says – reply to this


      40

      Miley is pretty…

      Wow they are closing
      stores so the stocks r down?
      Perez you are soooooooo
      intelligent.

      Perez=not dumb…NOT!

    41. ms_ch says – reply to this


      41

      I don't know about Australia, but if it's anything like the USA, there's too many Starbucks around and they're too expensive anyways!

    42. Will says – reply to this


      42

      What has Miley done besides be successful? I mean she doesn't fall into my demographic but she obviously has something going. Are you just jealous of other peoples success? You need to be gangraped by a groups of apes. And then get the AIDS. Douche.



    43. 43

      Re: scott – scott where the hell do u live dude thats the one and only miley cyrus. most famous teen around

    44. joe says – reply to this


      44

      another reason perez should not be allowed to post opinions, this will only make their stock stronger as they are trimming the fat a little (which perez should do as well). learn something before you post it bitch.

    45. Will says – reply to this


      45

      And all you idiots who post "first" need to get a life.

    46. miley says – reply to this


      46

      If only someone would close Miley's mouth!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!11

    47. Yeah says – reply to this


      47

      OH NOOOOOO!
      Oh well. There everywhere in London, So I'm cool. :D
      Why Slutty Cyrus.

    48. jojo says – reply to this


      48

      their coffee is bloody awful. so many better coffee spots in Oz. We don't need starbucks!

    49. AJ says – reply to this


      49

      Maybe they should lower the price of their stupid coffee!



    50. 50

      I've never understood the attraction to Starbucks and their over-priced coffee. Sounds like they got greedy, and now they have to deal with it.

    51. scott says – reply to this


      51

      Re: fist – Re: fist – Re: fist – Re: fist – I don't get the first thing. Are you in a hospital bed somewhere and can't move so you sit and wait to be first "fist"? You are trying to hard. Are you this energetic anywhere else in life. I see first =pathetic… sorry.

    52. Sam says – reply to this


      52

      Lower the coffee's damn price. We're not all fucking rich.

      And Perez, what the hell does Miley Cyrus have to do with this? Pathetic douche. 30 years old and bashing on someone half your age. Good job, you just lost another viewer. Jackass.

    53. quin says – reply to this


      53

      Re: Will – u need to open your mouth so i can plop a sloppy oily sour tasting poopoo in your mouth

    54. Janic says – reply to this


      54

      It's Brittney's fault, Bitch

    55. Liz says – reply to this


      55

      ewww i have that shirt!!!!she not allowed to wear it!!!!

    56. ernef says – reply to this


      56

      starbucks is wayyyyyyyyy to expensive.

    57. Laura says – reply to this


      57

      The reason Starbucks is not so popular anymore is because there is a new kid in town. It is called Scooter's Coffee…best coffee in the world! A million times better than plain old Starbucks.

    58. cHRIS says – reply to this


      58

      Re: scott – WTF DO U CARE……U COMMENT ON CELEBRITY GOSSIP SITES………DOESNT YOUR MOTHER WANT YOU TO SHAVE HER BACK NOW………THEN SHOVE THAT BASEBALL BAT UP HER SLIMY CUNT SO SHE CAN BUST A NUT 2DAY???

    59. Will says – reply to this


      59

      Re: quin – whats your issue?

    60. dunay says – reply to this


      60

      Duh, this will make their stock go up - they are doing the smart thing.

    61. SLOAN says – reply to this


      61

      actually their stock price is going up thanks to their pro-active response to the economy's downturn.

    62. getti says – reply to this


      62

      Seriously, this Miley bashing is getting old. Extremely childish.

      This is the same thing you did to Britney. We'll never see you bash a male Disney star, I bet.

    63. vic says – reply to this


      63

      Re: Laura – a million times???, you arent exagerating are you???

    64. Duh says – reply to this


      64

      If Starbucks hadn't gotten so arrogant in success, and had kept up its original great customer service and experience, they might not be in this boat. The founder is arrogant and doesn't care about customers. There's lots of places to get good coffee - Starbucks was successful cuz you could always get a nice experience.

    65. Yeah says – reply to this


      65

      Quit hating. I want to fucking bitch slap half of you people. It is simple…DON'T FUCKING COME TO THIS WEBSITE IF YOU CAN'T STAND PEREZ SO MUCH!!! The haters are only helping him, you dumb fools. What has he ever done to you? Fuck off and get a life people!

    66. Anonymous says – reply to this


      66

      Perez, here's the deal. They're replacing most of the Starbucks with "Seattle's Best"s. Same parent company but without the stigma attached to the Starbucks name. It's their way of getting more customers.

    67. Megan says – reply to this


      67

      Why is there a picture of Miley there. Why do u hate her so much. Leave her alone for god sake. She's 15 and has accomplished a hell of a lot. Give her a break and STOP CALLING HER A SLUT. It's not right. You have no right to call her a slut. Grow up. x

    68. Laura says – reply to this


      68

      Re: vic – No I am definitely NOT exaggerating.

    69. haha says – reply to this


      69

      Looks like someone is deleting comments they don't agree with!

    70. sloan says – reply to this


      70

      Re: Sarah – "a regular joe," as you say, is really a buck and some change, depending on what part of the country you're in. you might pay $4 for a large latte, but a lot more goes into that than brewed coffee– including labor, milk, time, and the best espresso in the world. dont hate on starbucks unless you have the facts. thank u.

    71. amand says – reply to this


      71

      why the pic of miley?? u claim to hate her but put her here….wtf.. seriously perez u r such a hypocrite

    72. rikki says – reply to this


      72

      I suppose your jealous because Miley can actually afford to buy some starbucks unlike you. I mean really how much money does VH1 specials pay?



    73. 73

      Re: ? –
      zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
      what r u new or zomething::….
      zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
      r u juzt an idiot or a complete dipzhit?
      zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
      I'm obzezzed with zzzzzzzzzzzzzzzzz'zzzzzzzzzzzzzzzzzzzz
      zzzzzzzzzzzzzzzzzzzzzzzz
      and zome people
      zzzzzzzzzzzzzzz
      zeem 2/think
      zzzzzzzzzzzzzzzzzzz
      that I'm retarded…but
      zzzzzzzzzzzzzzzzzzzzzzzzzzz
      whatever….I don't like NORMAL….BORING…..
      ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

    74. crist says – reply to this


      74

      why you put a picture of mileyy??
      whyy you hatee mileyy??

    75. crist says – reply to this


      75

      poor mileyy!!!!!!!!!!!
      i love mileyyyy
      pleaasee stop hating mileyyy

    76. a. says – reply to this


      76

      there is a reason for everything, and a simple reason for this.
      in the beginning starbucks was supposed to be about tradition and quality.
      but then, they started caring more about money so their CEO quit. A new CEO was brought in who built all these starbucks, and did not really train people. The company got completely out of control, and now the old CEO has come back. He is shutting down stores in hopes of bringing old traditions back, but I am sure that the money part helps also.

    77. matt says – reply to this


      77

      what did you expect to eventually happen when you rip off the consumer. $4 for a coffee? come on now. this has been coming for a long time. eventually the consumer wises up

    78. amand says – reply to this


      78

      and for some reason they are opening starbucks on every corner in ontario.

    79. dee says – reply to this


      79

      Any opportunity to spit in Miley's face, eh, fatty?
      Its getting to be laughable!
      What did she do to you??? I think it must be something big, or your just soooooooooo over the top jealous of her success that you can't bear it! Either way, you are providing us all with a window to your soul…oh, and one of your commenters mentioned that it should only be fair that every time you call some under aged girl a 'slut', she should be allowed to call you a 'fag'! Jealous Junior High school girl that he is…a 30 year old man…whose mother is still his maid…who is trying to insert himself into the celebrity o sphere…with no discernable talent….come on… You really are a prick, you know…

    80. Lo says – reply to this


      80

      This is sad. I love Starbucks.

    81. b says – reply to this


      81

      have any of you noticed that star bucks is BEHIND miley in the picture… Look more into the picture retards. also if all of you hate perez so much then why do you come to his website

    82. Donty says – reply to this


      82

      This is part of Starbucks new strategy, they are closing stores that are in close proximities with other stores. The stock price might fall now but it will even out and then rise again soon. It's just the way.

    83. dee says – reply to this


      83

      Re: Yeah – the she-man we love to hate! don't take this simple pleasure away, moron!

    84. forme says – reply to this


      84

      Stocks for this company rose yesterday afternoon. Did you go to college? Is that where you learned how to use Microsoft Paint so well? Your talent is unprecedented.

    85. Pshhh says – reply to this


      85

      I just want all of you to know that I LOVE YOU!

    86. Sarah says – reply to this


      86

      lol they are getting one in Lloydminster, ab, canada
      home of the hopefully new canadian idol earl stevenson ;]

    87. Jessi says – reply to this


      87

      STOP BEING SO MEAN TO MILEY!!!!!!! SHE DOESN'T EVEN HAVE ANYTHING TO DO WITH THIS POST!!!!!!!! STOP BEING AN IDIOT!!! I LOVE YOUR SITE, BUT THE MORE YOU TALK SO HORRIBLY ABOUT MILEY, THE LESS I WANT TO COME BACK! IT'S ONE THING TO BASH ON SOMEONE FOR BEING STUPID OR WHATEVER, BUT IT'S A COMPLETELY DIFFERENT THING TO PICK ON AND SAY SUCH NASTY AND HATEFUL THINGS ABOUT A 15 YEAR OLD CHILD!!! GET OVER YOURSELF!!! LEAVE THE POOR CHILD ALONE, SHE HAS FEELINGS!

    88. jorge says – reply to this


      88

      Re: b – cuz its so much fun to hate that slimy fat cuban fuck

    89. NEW Y says – reply to this


      89

      i think hollywood is pushing her to much to grow up and i dont think that she should quit :HANNAH MONTANA !!!!!!!!!!!!!! the pics were hacked into her iphone!!!!!!!!!!!! but it wasnt her fault !!!!!!!!!!!MILEY DONT QUIT HANNAH MONTANA!!!!!!!!!!!!

    90. Queen says – reply to this


      90

      What the fuck do they expect when they charge $4 for specialty coffee???

    91. todd says – reply to this


      91

      Re: Pshhh – even after i shit in your mouth??????? u r a sick fucker

    92. Pshhh says – reply to this


      92

      Re: todd – Umm…probably not if you did that. Sorry! I have to draw the line somewhere.

    93. Anne says – reply to this


      93

      I don't think Perez should talk about stock prices. Clearly not his area of expertise. For those of us that have followed SBUX shares, after the double top in 2006, the shares have been falling. Since announcing store closings and layoffs, the shares have been slightly higher, meaning the store closings were already priced into the shares before they were announced. Again, Perez should refrain from talking about stocks.

    94. StOpH says – reply to this


      94

      Perez….. You see how 85% of the people on here talking about Miley Cyrus actually like her. You should probably stop making fun of her and calling her stupid names before your site traffic goes the way of the stock market after 9/11.

    95. S1x0f says – reply to this


      95

      WTF? While they are closing all these stores, they keep opening new starbucks where I live, We just got 3 of em.

    96. StOpH says – reply to this


      96

      Where did my comment go? Seriously Perez, leave Miley alone. People are getting really tired of what you are saying about her.



    97. 97

      STARBUCKS SHOULD TRY CHARGING LESS.
      .
      I'M SURE THEY WOULD STILL MAKE MONEY. BUT PEOPLE ABSOLUTELY AREN'T UP FOR A $5 CUP OF COFFEE THESE DAYS.

    98. HAWYN says – reply to this


      98

      Clearly 98% of you are idiots. This is a genius marketing strategy by Starbucks. Although it is true that they have too many locations, this organization will profit more by reducing the amount of stores available. Starbucks' stocks are going to go up NOT down. People please get a clue. Clearly you have no idea how the business world works and you have no idea how genius the man in charge of these closures truly is.

    99. varun says – reply to this


      99

      i had sex with her when i was 18. i am 28 now

    100. gears says – reply to this


      100

      Your an idiot perez grow up you know you will be saying sorry when you get sued by Miley. On your knees begging for forgivenes oh yeah you like being on your knees bitch.

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