Starbucks Scrambles to Shore Up Profits

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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.

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