Store closing list announcedEarlier this month Starbucks announced that approximately 600 of its locations would be closed by early next year to help it return to profitability. With the 'credit crunch' (really a reality check in my opinion), rising fuel prices (that 100 mile commute), and rising food prices (sorry, no name brands for you) have all squeezed consumers disposable incomes and hurt sales.
The list of the stores has just been released (here) and I was surprised to see that a few of the stores I used to frequent in "The Rouge" are getting axed. In particular are a couple that are less than 'across the street' from each other, which was obviously not good for sales. The loss of jobs and the empty buildings will be just another casualty of this latest spate of bad economic news.
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