Starbucks closing 600 stores
July 1, 2008 by Jim Pfaff · Leave a Comment
From the Seattle Post-Intelligencer:
For a decade it appeared there was no such thing as too many Starbucks for U.S. coffee drinkers, whose willingness to buy its $4 lattes and dark drip brews rationalized a second green-and-white mermaid awning just down the street – and sometimes even a third. But in a sign that those days are over, Starbucks Corp. announced Tuesday it will close 600 company-operated stores in the next year, as the faltering U.S. economy hastened the pain caused by the company’s own rapid expansion.
