Starbucks to close 300 more stores, eliminate 6,700 jobs

January 29, 2009 – 8:27 pm – No Comment

The story of the store that over-expanded. Starbucks has been the butt of many jokes for years because of its odd store locations, sometimes across the street from each other. Well, now it appears that those days are numbered.

Last year, Starbucks closed several hundred stores all across the country due to falling profits and a looming recession. Now it has announced another 300 store closings and a loss of 6,700 jobs. Two-hundred of the stores will be located in the U.S.

I never understood why Starbucks chooses to locate in some areas, but not others. For example, I live in a college town with a student population of around 12,000. We have one Starbucks inside the student union and it’s a collaboration with Barnes and Noble. Yet, in the Grapevine Mills Mall just outside Dallas, there were 2 full size Starbucks. I like Starbucks, but for me, it’s just too inconvenient to buy on a regular basis.