Starbucks to cut up to 12,000 jobs, close 600 stores
Starbucks Corp (SBUX.O) said on Tuesday it plans to close 600 underperforming stores and eliminate as many as 12,000 full- and part-time positions....
The company, which has been grappling with the slowing U.S. economy and consumer spending at the same time that major competitors like McDonald's Corp (MCD.N) have begun attacking its core business, now plans to close a total of 600 underperforming stores by the end of March 2009.
Re: Baxter was right Alicea! The Apocalypse Begins
Quote:
Originally Posted by rgcraig
Gallon of gas or cup of java?
People make choices.
Absolutely. I haven't been to Starbucks since the price of gas has went up. It costs me $10.00 a day to get to and from work. No money extra for coffee or nails...I am growing my own back out. My hair is turning gray, and my feet need soaked...but I have to eat you know.
Starbucks to cut up to 12,000 jobs, close 600 stores
Starbucks Corp (SBUX.O) said on Tuesday it plans to close 600 underperforming stores and eliminate as many as 12,000 full- and part-time positions....
The company, which has been grappling with the slowing U.S. economy and consumer spending at the same time that major competitors like McDonald's Corp (MCD.N) have begun attacking its core business, now plans to close a total of 600 underperforming stores by the end of March 2009.
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Quote:
Originally Posted by rgcraig
Gallon of gas or cup of java?
People make choices.
How ironic.
Only two months ago, people on this forum were laughing themselves silly when I posted that we were heading into a recession. Well, here we are.
Yesterday, two different companies in St. Louis announced they are closing up shop. The region is losing 4500 of the highest paid jobs.
That does not even include Anheuser Busch, who very well may become the victim of InBev's hostile takeover very shortly.
Add to that skyrocketing fuel and food prices and we have a recipe for a depression, not a recession.
There is simply no real growth in our economy at all.
Re: Baxter was right Alicea! The Apocalypse Begins
Quote:
Originally Posted by Pastor Poster
How ironic.
Only two months ago, people on this forum were laughing themselves silly when I posted that we were heading into a recession. Well, here we are.
Yesterday, two different companies in St. Louis announced they are closing up shop. The region is losing 4500 of the highest paid jobs.
That does not even include Anheuser Busch, who very well may become the victim of InBev's hostile takeover very shortly.
Add to that skyrocketing fuel and food prices and we have a recipe for a depression, not a recession.
There is simply no real growth in our economy at all.
a few months ago, I said we were not in a resession. we still arent.
we shall see what the next quarter holds but while things have slowed down, that doesnt mean things have retracted.
Inbevs hostile tak over of AB doesnt mean anything really as it relates to resession or depression. that kind of thing happens in strong economies.
if we do have a resession, it will just be another in a long line of resessions.... and I suspect in keeping with the last 50 year history, it wont be very bad. Even if it is, we will come out of it, and things will get better.
This thing isnt nearly as bad as you think... unless the Iranians attack Israel... then all bets are off.
__________________ If I do something stupid blame the Lortab!
Re: Baxter was right Alicea! The Apocalypse Begins
Quote:
Originally Posted by Ferd
a few months ago, I said we were not in a resession. we still arent.
we shall see what the next quarter holds but while things have slowed down, that doesnt mean things have retracted.
Inbevs hostile tak over of AB doesnt mean anything really as it relates to resession or depression. that kind of thing happens in strong economies.
if we do have a resession, it will just be another in a long line of resessions.... and I suspect in keeping with the last 50 year history, it wont be very bad. Even if it is, we will come out of it, and things will get better.
This thing isnt nearly as bad as you think... unless the Iranians attack Israel... then all bets are off.
Ferd, fuel prices alone can bring this country to its knees.
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