Nooooooo!!!!!!!!!!!!!!!

[tikistitch]

Starbucks to cut up to 12,000 jobs, close 600 stores

LOS ANGELES (Reuters) - Starbucks Corp (NasdaqGS:SBUX - News) said on Tuesday it plans to close another 500 underperforming stores and eliminate as many as 12,000 full- and part-time positions, lifting shares nearly 6 percent.

The company, which now plans to close a total of 600 underperforming stores versus its previous estimate of 100, said the majority of the stores will be closed by the end of March 2009.

Comments

[loli-cat.livejournal.com]

Yeah, just like the jewelry stores going out of business lately, people are also finding that foregoing that $6 cup of coffee is an easy way to save some $$...

[igrrl.livejournal.com]

They could close a few shops here an no one would notice. There are a total of 9 Starbucks all located on one street (~5.5 miles long) in my immediate neighborhood.