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Starbucks News Archives

Starbucks News Archives for July 2008

« June 2008

July 2008

6 hrs ago | Desert Sun

Coachella Valley business replay for July 6

Seattle-based Starbucks Corp. last week announced plans to close 600 company-run stores across the United States, representing a sizeable jolt from earlier projections that 100 stores would be shuttered.

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Related Topix: La Quinta, CA, Vidal, CA, Salinas Metro, Salinas, CA, Restaurant Management

14 hrs ago | South Florida Sun-Sentinel

Drip by drip, Starbucks lost what made it shine

I still remember my first Starbucks moment. It was in 1988 at a new mini-size coffee bar in Illinois Center.

166 comments

Related Topix: Restaurant Management

20 hrs ago | Reuters

Some coffee fans get grim delight in Starbucks woes

One coffee drinker's bad news is another coffee drinker's good news, it seems. Financial woes at Starbucks Corp., which is planning to close 600 underperforming U.S. stores, is evoking glee and little sympathy ...

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Related Topix: Restaurant Management, Drink, Coffee, US News

Sat Jul 05, 2008

Athens Banner-Herald

Starbucks closings won't affect area

Starbucks Corp. plans to close 600 coffee shops across the country, but won't shutter any Athens-area stores.

Comment?

Related Topix: Restaurant Management, Athens, GA, Athens Metro

Washington Post

GM's sales surprise lifts Wall St., Starbucks up late

U.S. stocks rose on Tuesday, after embattled automaker GM surprised Wall Street with stronger-than-expected June sales and financial shares reversed earlier losses as investors scoured for bargains, ...

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Related Topix: Restaurant Management, Financial Markets, Chatham, NJ

The Globe and Mail

This is a triple-Venti alert: Baristas on the loose

History will record that in the summer of 2008 the Starbucks Corporation announced that in the United States of America it would be closing 600 locations, leaving only approximately 1,975 million locations ...

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Related Topix: Drink, Restaurant Management, Coffee

Fri Jul 04, 2008

The Shreveport Times

Buzz on business: Oil and gas leasing meeting set July 10

Queensborough Neighborhood Association will have an oil and gas mineral rights leasing meeting for property owners from 6 to 8 p.m. July 10 in the auditorium at the Louisiana State Exhibit Museum, 3015 ...

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Related Topix: Shreveport, LA, Restaurant Management

Investopedia

Store Closings Won't Save Starbucks

On Tuesday Starbucks announced what once was considered unthinkable: it plans to close about 600 under-performing company stores, and open less than 200 in the coming year.

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Related Topix: Restaurant Management, Drink, Coffee

International Herald Tribune

Poor real estate decisions, not bad coffee, hurt Starbucks

Starbucks wants to get back to its roots to help turn around its ailing fortunes.

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Related Topix: Marketing, Seattle, WA, Restaurant Management, Business News

Thu Jul 03, 2008

The Spokesman-Review

Blanchette: Rich history, cheap price

Owner Clay Bennett happily reached a settlement and will take the SuperSonics to Oklahoma City.

Comment?

Related Topix: Restaurant Management, Seattle, WA, Downtown (Seattle, WA)

Detroit News

Starbucks plans to close 600 U.S. stores

Starbucks Corp. said Tuesday it will close 600 company-operated stores in the next year, up dramatically from its previous plan for 100 closures, a sign the coffee shop operator continues to struggle with the ...

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Related Topix: Restaurant Management, Auburn Hills, MI, Blog News

Arab Times

Americans in denial as Starbucks to shut 600 coffee shops

Drinkers of frothy lattes, European-style macchiatos and syrupy Frappuccinos across the United States were in denial Wednesday as Starbucks fell victim to the economic downturn and announced it was closing 600 ...

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Related Topix: Washington Heights, NY, Restaurant Management, Drink, Coffee

Wed Jul 02, 2008

Journal Gazette

Last-minute deal lets Sonics move to Oklahoma City

Clay Bennett finally found a dollar amount that would sever his contentious relationship with the city of Seattle - $75 million.

Comment?

Related Topix: Restaurant Management, Seattle, WA

CBC News

Photo gallery: Pride parades around the world

A man driving a bulldozer was shot dead after going on a rampage on a crowded Jerusalem street Wednesday, killing at least two people and wounding at least 20 when he plowed into a string of vehicles.

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Related Topix: Mongolia, Asia, World News

Kansas City InfoZine

Starbucks Increases Number of U.S. Company-operated Store Closures

Approximately 600 Underperforming Stores will be Closed as Company takes Significant Step toward Improving Long-Term Profitable Growth Seattle, WA - infoZine - Starbucks Corporation has announced the next step ...

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Related Topix: Restaurant Management

Denver Post

Bean counting: 600 Starbucks stores to close

KRT NEWS STORY SLUGGED: COFFEE KRT PHOTOGRAPH BY RAUL RUBIERA/MIAMI HERALD Haitian Bleu, a blend of Haitian coffee sold at Barnie's Coffee and Tea Company in Miami, Florida.

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Related Topix: Miami, FL, Downtown (Seattle, WA), Drink, Coffee, Restaurant Management

Tue Jul 01, 2008

Fox News

Starbucks to Close 600 U.S. Stores

When a business borrows money so it can reinvest it in hopes of getting a higher return, it's called leverage.

265 comments

Related Topix: Restaurant Management, Business News

Display & Design Ideas

Safeway Opens Upscale Store in Bellevue, Wash.

Pleasanton, Calif.-based Safeway Inc. unveiled an upscale store in downtown Bellevue, Wash., which is designed for an affluent clientele, according to the Seattle Post-Intelligencer . The Bellevue store ...

2 comments

Related Topix: Retail, Bellevue, WA, Safeway, Grocery, Seattle Metro, Restaurant Management

Gay news blog

Ex-Starbucks Employees Sue Coffee Giant for Discrimination

After supporting Seattle's Gay Pride Parade, sponsoring numerous events for gay-rights groups, and stirring up controversy in 2005 by printing a quote from gay novelist Armistead Maupin on its cups, Starbucks ...

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Related Topix: Drink, Coffee, Seattle, WA, Restaurant Management, Gay/Lesbian

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