ShortNews
+ + + 3 BRANDNEW NewsTickers for your Website! + + + easy configurable in less than 1 Minute + + + GET'EM NOW! + + +

   Home | Join | Submit News | MyShortNews | HighScores | FAQ'S | Forums 0 Users Online   
   
                 11/23/2017 10:35 AM  
  ShortNews Search
search all Channels
RSS feeds
  ShortNews User Poll
Are you excited about the holiday season?
  Latest Events
11/22/2017 05:48 PM
phobos_anomaly receives 100 Points for News Submission of 'White House responds to Waters allegations'
11/22/2017 05:27 PM
phobos_anomaly receives 100 Points for News Submission of 'Trumps order ham for Thanksgiving!'
  1.849 Visits   3 Assessments  Show users who Rated this:
Quality:Very Good
Back to Overview  
07/31/2008 09:43 AM ID: 72394 Permalink   

Coffee to Go: $6.7m Loss for Starbucks

 

Seattle, Washington: Coffee mega-giant Starbucks blames quarterly losses of almost seven million dollars on the closing of 600 of it's slower stores. Drop-off in clients in the UK and Canada contributed to the fall of the company.

Next year Starbucks plans to close more stores than it opens. 61 of 85 stores in Australia will close shop. There is a plan to cut 1,000 corporate office jobs as well.

Increased gourmet coffee competition is partly to blame as McDonald's and Dunkin' Donuts take up selling fancy beans. Paradoxically, though this was it's first quarterly net loss in 15 years, Starbucks sales rose 9 percent.

 
  Source: news.bbc.co.uk  
    WebReporter: theironboard Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  11 Comments
  
  they are closing a few  
 
around my town...

a couple of these stores were opened less than 6 months ago.

 
  by: elijah4twenty     07/31/2008 10:42 AM     
  Gotta wonder:  
 
How could they allow the franchise to compete with itself so closely? Several towns have Starbucks across from each other on a street! It's spread to Europe- here, a local chain called 'DoubleCoffee' (a slightly better version of Starbucks in that they sell food and pretty good coffee)-- this company EMULATES Starbucks and it is growing astronomically, but now in the capital cities of the Baltics there are these Starbuck clones on every main street. It's absurd- not to mention... boring.
 
  by: theironboard     07/31/2008 10:59 AM     
  They seem to be...  
 
Slowly pulling out of my area. Up until May, there were 3 Starbucks locations right next door to each other: A stand-alone store, one in a Target right across the street, and another inside the Barnes & Noble located in the Target parking lot.

Now, just two months later, the stand-alone has put up a notice that they are moving 15 miles down the road, the Target location is becoming a Seattle's Best, and the B&N has relocated (To where the new stand-alone Starbucks is being built) - SANS Starbucks.

The main reason for all of this? A (Very agressive) local chain called Port City Java that has been out-selling Starbucks 10:1 :)
 
  by: yusaku     07/31/2008 12:55 PM     
  They're everywhere here  
 
You can't throw a rock in Sacramento without hitting a Starbucks. Which for some odd reason is almost always near a Jamba Juice. (mmmm...soy and fruit smoothies....) There's probably also a Noah's Bagels nearby once you hit the Placer County line. We have three Starbucks by my house you can actually easily see from one another's parking lots. None of those are on the list of stores they want to close, either. We must drink a lot of Starschmucks here to justify that.

~Syl
 
  by: morgora     07/31/2008 01:13 PM     
  don't worry  
 
you can get new coffee in the US now

http://www.philly.com/...
 
  by: Hugo Chavez     07/31/2008 01:33 PM     
  Im glad  
 
Starbucks is just like a really bad joke.
 
  by: AccessG     07/31/2008 03:10 PM     
  Good!  
 
I mean really America ... Starbucks is NOT good coffee! It's a darn miracle that this chain took off to begin with! The coffee is consistently burnt and I don't know about everyone else, but WAY too expensive!

It costs me about twice as much to get a Starbucks coffee than a Tim Horton's coffee (which being the McDonald's of coffee in Canada) still tastes better!

I personally am a big fan of Intelligentsia beans and my Bodum ... but then again, I am a bit of a coffee snob. :-/
 
  by: Daev     07/31/2008 06:43 PM     
  @Daev  
 
Every one's taste buds are a little bit different. Some people hate Mexican food but love Italian. Some people like seafood, others puke of the thought of eating it.

My coffee is better than your game. Nener, nener, neeeeeeeener. LMFAO, just like a kid.
 
  by: slayer06   08/01/2008 02:25 AM     
  I want some of that coffee  
 
made from cat poop.
 
  by: John E Angel     08/02/2008 04:03 AM     
  LOL@John  
 
You can have all of the cat poop coffee you want. I on the other hand will chase my dog around for half the price- just for you.
 
  by: redheadedwonder   08/03/2008 05:57 AM     
  @daev  
 
"The coffee is consistently burnt and I don't know about everyone else, but WAY too expensive!"

Yes, it IS consistently burned. This is their strategy to make the coffee taste the same everywhere despite different lengths of time the coffee will sit on shelves and/or shipping times. The flavor of coffee changes greatly every day it sits, so rather than have good coffee in some shops and shitty in others, they just made it shitty in all and people still pay $4/cup. It's genius on their part. Personally I refuse to patronize Starbucks.
 
  by: amir8500   08/05/2008 12:54 AM     
 
 
Copyright ©2017 ShortNews GmbH & Co. KG, Contact: info@shortnews.com