I heard on the news this morning that Starbucks was planning a closure of existing stores. Approximately 600 outlets will be shuttered and their employees will be relocated to other, surviving, stores, if possible.
From a personal standpoint, I’ve never understood why Starbucks has been as successful (to date) as it is. Its stores don’t have the same welcoming ambiance as most other coffee shops that I have been in; they’re more like a fast food joint for coffee. Of course, again from a personal standpoint, it’s always bugged me that they refuse to use “small medium large” and instead use “vente vedi vici” or whatever. If I were more fundamentalist, I might call that un-American! But what can you expect from a joint out of Seattle?
However, I also never understood how their business model could sustain the number of stores that are opened within shouting distance of each other. Apparently, it can’t. I feel bad for the number of younger folk who are going to be laid off because of this, but maybe other, local stores, will emerge to take up the slack and compete agains the Evil Empire.