Starbucks Store Closure List
Starbucks Store Closure List
Starbucks Scrambles to Shore Up Profits
As many of you are aware Starbucks is still reeling from the heavy blows delt by a serious downturn in consumer spending and what appears to be rather poor planing in the geographical locations chosen for several of their stores.
Insipired by Escher's Relativity, created by Alien Loves Predator, found via Jack Cheng.
Originally posted by Ilya Vedrashko on Sunday, October 09, 2005
Picture Courtesy of: http://web.mit.edu/cms/bcc/2005/10/starbucks-relativity.html
It doesn't take rocket science to conclude that opening stores within the line of sight of one another might be considered "over saturation". I never could see that practice being a justified way to do business even in the best of economic climates.
Now in an attempt to regain their composure and more importantly their profitability, Starbucks is scrambling to close down 600 locations across the nation.
The majority of closures will occur in California, Florida, Texas, and will be as follows 88 locations in California, 59 in Florida and 57 in Texas.
What I would do if I were in a position to pool enough venture capital would be to take over the 600 locations that Starbucks is letting go of, and launch a new brand in direct competition with Starbucks. After all, the locations are already known by consumers as a place to get coffee, so it would be an easy transition to a new brand.
Ever hear of Hell's Coffee.com?
Anyway, anyone with enough guts, gimmick and foresight could be a serious contender to the $5 cup of coffee. Even if they just bought up the California and Texas Locations...
Now onto the list.
Alabama 12
Arkansas 8
Arizona 1
California 88
Colorado 9
Connecticut 5
Washington, D.C. 1
Delaware 1
Florida 59
Georgia 13
Hawaii 5
Iowa 7
Idaho 2
Illinois 25
Indiana 23
Kansas 3
Kentucky 6
Louisiana 13
Massachusetts 7
Maryland 12
Maine 2
Michigan 18
Minnesota 27
Missouri 17
Mississippi 7
North Carolina 10
North Dakota 4
Nebraska 7
New Hampshire 1
New Jersey 5
New Mexico 4
Nevada 18
New York 39
Ohio 9
Oklahoma 15
Oregon 6
Pennsylvania 21
South Carolina 1
Tennessee 13
Texas 57
Utah 4
Virginia 5
Washington 19
Wisconsin 6
West Virginia 1
Those of you suffering a loss of employment from these closures, we really do feel for you.
FreeCracker4Jack
JOIN THE REVOLUTION!!
Submitted by Business & Entrepreneurs | coffee | latte | sbux | starbucks store closure list | starbucks store closures | starbux | store closures
Great idea..There is much better coffee out there than Starbucks. It's ok in a pinch, (better than the gas station coffee), but they just get the mindless drones that wander in because you can't spit without hitting a Starbucks. If real life were the internet they would be coffee spam.
If I had the capital, I'd open a Segafredo Zanetti's across from each one. Great Italian coffee house chain..one of the reasons SB isn't in Italy.
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Just thinking of the areas where my wife and I frequent, there are definitely other options to FiveBucks without feeling pinched by losing stores. Just in one shopping center nearby, there is a Starbucks stand-alone store and one in the Vons supermarket. In addition, there is a Froggies coffee place that sells many of the same products.
The strange thing is, every store that we've patronized in the chain locally seems to have steady business, so maybe the cost of doing business has squeezed their bottomline too much.
What we really need is a Sonic... I don't want to drive to Bakersfield to visit one. :(
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