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"Learning without thought is labor lost; thought without learning is perilous."

- Confucius

Starbucks to Shut 500 More Stores, Cut Jobs
Wed, 02 Jul 08

Starbucks Corp. on Tuesday effectively ended its era of blanket expansion by saying it will close 500 more locations in the U.S. and cut 7% of its work force.
[...]
During the last fiscal year, Starbucks opened about 2,500 new cafes across the globe, or about seven outlets per day. The purpose of its rapid expansion was to boost sales growth and siphon traffic away from some of its stores where long lines were driving away customers.

Also fueling the push was company research that showed people sometimes weren't willing to cross the street to buy a cup of coffee. But the density of Starbucks stores in places like New York and other large cities turned the chain into a symbol of ubiquity, spawning countless jokes.

Last year, as Starbucks's sales began to soften, it became clear that the company's expansion was cannibalizing its sales in a way that was threatening the chain's success, as well as causing the quality at its existing locations to slip. Analysts have said that Starbucks lowered the bar for choosing new locations in recent years.

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	"Learning without thought is labor lost; thought without learning is perilous." - Confucius « Diary of a Spammed Housewife Main Blog I guess I confused him... » Starbucks to Shut 500 More Stores, Cut Jobs Wed, 02 Jul 08 Starbucks Corp. on Tuesday effectively ended its era of blanket expansion by saying it will close 500 more locations in the U.S. and cut 7% of its work force. [...] During the last fiscal year, Starbucks opened about 2,500 new cafes across the globe, or about seven outlets per day. The purpose of its rapid expansion was to boost sales growth and siphon traffic away from some of its stores where long lines were driving away customers. Also fueling the push was company research that showed people sometimes weren't willing to cross the street to buy a cup of coffee. But the density of Starbucks stores in places like New York and other large cities turned the chain into a symbol of ubiquity, spawning countless jokes. Last year, as Starbucks's sales began to soften, it became clear that the company's expansion was cannibalizing its sales in a way that was threatening the chain's success, as well as causing the quality at its existing locations to slip. Analysts have said that Starbucks lowered the bar for choosing new locations in recent years. Committed to bandwidth on Wed, 02 Jul 08 in « Diary of a Spammed Housewife Main Blog I guess I confused him... » About … Archives … Contact … BonniNet	Significant Cast Members Bonni … Andrew Miranda … Zoë … Missycat BonniCam Webcam portrait of a pale, unphotogenic, middle-aged geek at her desk (or not) Other Blogs by Me … Zoë Notes … (all about Zoë) … Miranda Notes … (all about Miranda) … Trinity weblog … (trauma and recovery related) … Alicorna News & Notes … (professional/web design stuff) … elizabyte news & notes … (updates and art related stuff) … The Perfume Blog … (perfume, of course!) … Uncommon Touch … (my online retail sales site) … Stuff I'm Reading … (Shared items from feeds I follow via Google Reader) … Bonni's Offsite Blog … (just a little blog I use to post when I can't or don't want to post here) Content and design copyright © Bonni Hall, 2000-2006. All rights reserved. No unauthorized use or reproduction is permitted. It's not that I don't love you. It's just that I don't want you to plagiarize my original writings or take my graphics or layout, which I worked very hard to produce. Thanks for understanding. Web design by Alicorna.