R.I.P.
Filed under: R.I.P.
Starbucks is closing 500 of its stores and cutting 7% of its work force.
As many as 12,000 full-time and part-time retail positions will be eliminated with the store closures all over America.
This will be just grrrreat for our economy!
Posted: July 1, 2008 at 6:46 pm
U CAN THANK THAT IDIOT GEORGE BUSH FOR THIS ECONOMY
acutally its 600 of its underperforming domestic stores that will close and yes around 7% of its workforce — 12000 full- and part-time jobs.
This sucks starbuck was what kept me running.
600.
and who the hell cares…..CARIBOU COFFEE is the way to go. :]
NOOO !!
i lovee starbuckss!!
& yeah i think they do deserve to have it on EVERY intersection
*cough cough* jenic
Re: B –
this was the most awesomely stated opinion of starbucks, EVER! thank you.
Okay, first of all, I think it's dumb that Starbucks is closing stores. They are a world wide corporation that makes billions of dollars. I'm sure that they aren't losing any money since their coffee is rather expensive. People in our world have become so cheap lately it's rather pathetic.
This is good for our economy and exemplifies the beauty of capitalism - get rid of the low hanging fruit (and maybe an education so that you don't have to make a career as a latte-pusher). The overzealous expansion (to the point of market saturation and cannibalization) of Starbucks is a interesting parallel to the psyche of the gluttonous American consumer that got the country into this recession. Live within your means, chumps.
This is truly excellent news. Let's hope they do the same here in Britain where we hate Starbucks. Dirty outlets, nasty coffee, cups like paper buckets, vile tasteless tea and every one worst than the next. Fingers crossed this will be the end of them!! xxx
wth did you great damiit
i lovee starbucks
Well thats what happens when you put up starbucks in every street corner. I like Starbucks nothing wrong with it except that they are a bunch located with a mile of each other.
Re: mandy – Mandy you are awesome I love that you have your facts straight. These people here keep pointing their finger to whatever it is that their friends told them, people just need to understand how this company works instead of blaming "the economy" and "Mc.Donalds" come on, how uneducated are you people? please do your research before posting up stupidity.
Re: KrissyKat – In order to be certified as a Barista you need extensive training in the HISTORY, growing regions and art of coffee, if you don't share the same passion for coffee then turn away and go to mcdonalds for their water and sugar in a cup they call coffee. Everyone has a different hobby and if coffee is someones hobby you need to be a bit more mature and stop calling these people monkeys getting coffee…hey idiot, your latte isn't going to make itself… so please, stop wasting your time with your 13 year old comments.
Re: Chai – I gotta say, I agree with him.
oh no! kevin jonas isn't gonna be happy!
.. oh well didnt really like the place i love tim hortons more
Oh yeah, having a large company going beyond its means and losing money would be so much better for the economy. Clearly didn't graduate from Stern…
:O NOOOOOOOOOOO!
there goes my morning coffee.
HAHAHAHAHAHAHHAHAHA
YESSSSSSSSSSSSSSSSSSSS
FINALLY! THE DOWNFALL OF STARBUCKS!
FUCK THEM AND THE 2 YEARS I WASTED ON [working for] THEM.
EAT SHIT AND DIE STARBUCKS.
as for their employees, find a real coffee shop and make good coffee instead of pushing a button.
it's actually 600, but then again who's counting.
That's what happens when you over saturate the market. Should not be a big surprise that people weren't going to keep paying $5 for their coffee. Maybe they should take a page from Tim Horton's in Canada if they want to know how to be a success.
Stupid fat bitch, it's six hundred stores, get your facts strait
Re: tomca – Actually you are wrong. I am 30, work for Starbucks and dont beg for tips because I have a generous salary. Starbucks matches my contributions to my 401-K by 150%, they allow me to purchase stocks at a 15% off of market price and they give me stock options that I dont even pay for, I just cash in when I need them. I have 5 weeks of vacation a year (paid) and 6 paid holidays plus 2 personal days and 40 hours of sick time. Not even to mention my health benefits, medical, dental, vision, adoption assistance, tuition reimbursment….I could go on but I will leave it at that. Bet your company doesnt offer you all of that!!
starbucks is too expensive so who cares so just buy your good ol dunkin donuts coffee and forget about star bucks it aint star rated any more for your bucks get it
I hope they don't shut 'em down in Malaysia. Starbucks rocks my socks!
Gee…do you think we will still be able to find a cup of coffee with only 10,500 locations left to choose from?
omg……….thats horrible…..i cant live without starbucks
finally… took them long enough
yeah…blame the government/Bush for Starbucks closing down stores….
Don't blame the competition of the free market (and McDonald's strategy to take away business from Starbucks with their iced coffees) or the fact that Starbucks was overly ambitious in the record # of stores it opened the past 5 years
how sad!
YA
I don't see why they need so many to be honest. In town there are atleast 5, all within about 2 minutes walking distance from eachother - no need.
Thank heavens the light of day is finally breaking through the clouds. I feel sympathetic to those who are losing their jobs, but I am unsympathetic towards a company who has driven out of business countless ma'n'pa shops that don't over roast their beans, and actually know how to make a proper espresso. I am glad the invasion of American bullshit is finally retracting.
whatt no i love starbucks ugh this stinks
my dad works for starbucks, he says they're terminating some of the stores because the owner wants starbucks to have a more 'rustic' feel, just like when starbucks first opened up.