More Starbucks store closings

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Starbucks is closing 300 more stores to deal with slower sales. The announcement comes just six months after the coffee chain announced 600 store closings and a focus on business essentials. Two hundred of the new stores are in the United States, the rest international.

Starbucks, which is fighting mightily to maintain its growth and profitability in the wilted economy, has embarked on numerous initiatives in recent months to boost its brand image. The company has offered free coffee in exchange for pledging five hours of volunteering or voting in the presidential election.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on January 28, 2009 4:34 PM.

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