Latest coffee posts
Starbucks: More closures despite strong protests
Starbucks’ decision to close approximately 600 underperforming stores elicited a round of protests from some of its customers, but the company is moving forward with its plans.
From YouTube posts to a SaveOurStarbucks.com Web site, lobbying from local officials, and at least one employee protest, many want the stores to stay.
Starbucks, however, says the closures are [...]
Starbucks to Close 500 More Stores
Starbucks will close 500 more locations in the U.S. and cut 7% of its work force.
The pullback is a sign that the Seattle-based coffee giant is continuing to see weak sales as high gas prices and other pressures on consumer spending prompt Americans to cut back on extras.
It also shows how badly the specialty-coffee business [...]