Starbucks Shelves Plans To Close Some Of Its Cafes10 September 2009 in News
Starbucks is throwing out plans to close 30 of its cafes. The closures were to have been part of a broader initiative to pare down costs and meet a more realistic growth model for the company, as recession-strapped customers have been giving up their venti cappuccinos for cheaper substitutes.
However, yesterday at the Goldman Sachs retail conference in New York, Starbucks suggested that sales are rebounding, saying some stores have shown a turnaround in their performance, and are now ‘brewing’ significant profits. In response to this news, Starbucks rallied in stock market trading yesterday, adding 4.6% to close at US$20.09.
No comments yet.
Leave a comment
- Cheese – Such A Nutritious Food
24 June 2011
- Gifts For Coffee Lovers, Specialty Blend Coffee & More
9 March 2011
- Remodeling? Don’t Forget The Pot Racks
13 May 2010
- Sourcing Commercial Restaurant Supplies
3 April 2010
- Shopping For The Kitchen
4 January 2010
- Reine Isham:
I was traveling thru Vermont on vacation and stopp...