Starbucks can't even hide from weak economy - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Starbucks can't even hide from weak economy

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Posted by Rachel Leigh email

(WFLX) - Starbucks, jolted by the weak economy, is now planning to close hundreds of more coffee shops. This means job losses and maybe a change for you as to where you get your coffee fix.

Nearly 1,000 Starbucks coffee shops are set to close across the country. The company hasn't yet said publicly which stores will be closing in our area.

The coffee giant announced Wednesday that nearly 300 underperforming shops will be shut down. That's in addition to nearly 600 Starbucks stores already on the chopping block last year.

As the news was left to seep in, it didn't seem to leave a sour taste with customers. "Probably not, no matter what corner I will be on, there will always be one."

The store closings also mean layoffs. That's 6,000 jobs worldwide, including 350 at the store's Seattle headquarters.

And for those folks who like decaf in their mugs, the company also announced it will stop brewing decaf after noon, and only do it on demand. The move is expected to save the company $400 million in eight months.

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