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Thu Nov 20 2008

Thu Nov 20 2008
Posted by Nancy Troxell in business | Print | Email Friend |

Starbucks Closing List

Starbucks has announced the 600 stores they'll be closing.

Starbucks (NASDAQ:SBUX) recently announced plans to close 600 stores in an effort to cut costs.

Starbucks aggressively built out location after location, in some instances you could find two Starbucks across the street from each other. Their large business model couldn't be supported any longer.

Here is the PDF File of stores that are slated to be closed by July 2009.

Stores located in Florida and Nevada, particularly in Las Vegas, were most effected by the company's business decision. Approximately 12,000 employees will lose their jobs. The closures will cost the company an estimated $348 million dollars.

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Published: Friday 18th of July 2008 09:50:49 AM
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