Business Q&A

Starbucks Corp. has released a list of stores that’ll be closing in July.

The latest list can be found at http://www.starbucks-closure-list.com

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answer from chinatrade114.com small business QA

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Starbucks has made the same mistake as many other up and comming chains….growing too large too soon and charging too much!!!

Example…Starbucks caramel frapp. in the big or %26quot;venti%26quot; size is nearly $5. Tim Hortons sells the same product named an %26#039;iced capp%26#039; for around $3. McDonalds now has their version %26#039; frape%26#039; for around $2.50.

What this tells me is McDonalds is making $$ at 2.50 that means the additional 2.50 charged by Starbucks is PURE PROFIT!!! The public has realized this and is no longer shelling out the large bucks for ice mixed with coffee.

A store that is missing off from that list is Ludington MI. This store is extremely poorly placed and very difficult to get in/out of. Terrible location, high priced and worthless. Close this store too and open a Tim Horton%26#039;s someplace more convenient!

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answer from chinatrade114.com small business QA

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Because they’ve over invested in stores and with the current economic situation, they are going to have to shut a load of them and sack a load of people, I cant stand a pretentious shop in which you’ve to know their product range to prevent you from being embarrassed by a student part time worker at the counter. I have the ability to buy myself a full pack of high quality, single source, freshly ground coffee from the poshest grocer in town for the price of a big latte in Starbucks

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answer from chinatrade114.com small business QA

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These are company owned stores (as opposed to franchises) which have proven not to be profitable….most likely due to location and/or poor management.

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answer from chinatrade114.com small business QA

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they over saturated the coffee market, in other words there are too many coffee shops out there and too much competition and starbucks coffee is high-priced and profits are down

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answer from chinatrade114.com small business QA

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Probably too much competition, look around starbucks used to be the one and only ideal coffee. Then everyone got into the coffee game which I now think they’re not drinking as much now

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answer from chinatrade114.com small business QA

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maybe because theres not much customers?

Tags: Credit business, Advertising Marketing, Real Estate business

Tags: Credit business, Advertising Marketing, Real Estate business

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