Thursday, May 1, 2008
Starbucks puts the brakes on new stores.
Starbucks announced last week it's plans to slow down the pace of new stores openings in the U.S for the next three years .The revised plans follows decline in the number of visiting customers . According to the company, the traffic decrease has led to weaker sales and a net income drop of 28% during the fiscal second quarter that ended March 30.
Finally, American people have started to wake up and smell their neighbors homemade coffee instead of driving to Starbucks and be fleeced.
Finally, American people have started to wake up and smell their neighbors homemade coffee instead of driving to Starbucks and be fleeced.
Labels: corporates
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