Starbucks is closing 500 stores and laying off 7% of its workforce in the US

[Dial_tone]

There 5 within 5 miles of me easily. There is one in the strip mall down the street. There is one inside the grocery store at the strip mall down the street. There is one at the outdoor mall a block past the strip mall down the street. There is one 2 miles down the hill. There is one 2 miles down the hill in the other direction.

 

[chazk]

We have 15 starbucks in tampa

5 of them are in my area and with in 3 miles of each other. I can literally drive to
all 5 from one to the other in a big circle in just a few minutes , if you look on the map you wil see what i mean

http://yellowpages.superpages.com/l...Tampa+FL+&searchbutton.x=59&searchbutton.y=14

 

[Arabian]

I just saw on tv 600 stores will be closed

I think its 500 in the US and 600 abroad.. It flashed across my stock screen today as stocks closed... I could be wrong though...

 

[Arabian]

There 5 within 5 miles of me easily. There is one in the strip mall down the street. There is one inside the grocery store at the strip mall down the street. There is one at the outdoor mall a block past the strip mall down the street. There is one 2 miles down the hill. There is one 2 miles down the hill in the other direction.

Hi Dial Tone... How are you Pal?

 

[needtogetarmy]

Last week the girls in my office were like we are going to Starbucks do you want anything .. I said yes and gave them a $50.00 dollar bill to pay for all of ours.. there were 8 of them and I received no change.. I was like WTF.. I was laughing about it however thats absurd..

I was joking with my students last semester that only an idiot would drink coffee that costs $4.89 a cup (I said this while holding my cup of Starsucks and pointing at it).

I hope one of the 7% that gets shitcanned is the kid who never fills my cafee mocha to the top. lol

 

[Arabian]

I was joking with my students last semester that only an idiot would drink coffee that costs $4.89 a cup (I said this while holding my cup of Starsucks and pointing at it).

I hope one of the 7% that gets shitcanned is the kid who never fills my cafee mocha to the top. lol

LOLOL its true.......

 

[Arabian]

Starbucks (SBUX) closed at $15.74 today... Now since the company is overvalued , watch the stock tumble.. They are guaranteed not to make earnings in the 3rd.. Look what happend to Krispy Kreme Donuts... It was trading at 85 times earnings and it fell to a penny stock the first quarter the market adjusted...Millions of investors were out hundereds of millions of dollars... The exact same thing will happen to Starbucks..

 

[needtogetarmy]

Starbucks (SBUX) closed at $15.74 today... Now since the company is overvalued , watch the stock tumble.. They are guaranteed not to make earnings in the 3rd.. Look what happend to Krispy Kreme Donuts... It was trading at 85 times earnings and it fell to a penny stock the first quarter the market adjusted...Millions of investors were out hundereds of millions of dollars... The exact same thing will happen to Starbucks..

+1

They should have grown much slower and focused on franchises.

The market is rewarding their behavior.

 

[Arabian]

+1

They should have grown much slower and focused on franchises.

The market is rewarding their behavior.

That is exactly right, there are no short cuts to the top. At least with franchising there investment is paid up front and gross profits are taxed. If they had 1200 locations that were 80% franchised paying 32% of gross profits quarterly, they would be in great shape...

 

[Smurfy]

Somehow I dont feel sorry for them... Since when does a cup of overbrewed coffee cost $4.50.... lol Karma

exactly wtf
im sick of seeing starbucks on every frickin corner too