Starbucks Closures. 300 Stores, 6700 Jobs - 2/3rds in the US. Business Down 69%

Rochdale_Pioneers

MaccieD breakfasts also taste nice cold. So buy it on your way into work, fridge it and have it for your lunch

Conrad

A Starbucks Director said on Radio 4 last year that the average profit per branch was £19000 pa, so there must be many in the red.

prowla

I like Starbucks, and the other coffee branches; they've taken over from pubs as places to go and get a drink.

lynzpower

When I was in vegas - we took a drive out of vegas -into California last Novermber, we saw a couple of starbucks boarded up.

It really is a shame for those who lose thier jobs,especially as they wont get tax credits or a load of other subs towards helping them survive. It is quite common in the US to have 3 part time jobs and drive between the three of them. ONe woman we saw on the news was finding that the petrol prices were making the 3rd job barely worth doing. Indeed, given that starbucks have finally succumbed to fairtrade - as they should have done long ago) means there are coffeee producers now presumably being squeezed, some of the poorest farmers in the world.

I too never go to starbucks if I can help it and choose somewhere else. I dont drink coffee and for a company that makes its trade from hot drinks for them to be totally unable to make tea beggars belief.

Ian_Griffiths_Halifax

Idiophreak wrote: »

Expensive for a sandwich? Sub of the day's <£2, isn't it...Can't think of many places on the high street where you'd get a crap packed (and chilled) sarnie for that price, let alone one made to order, as you like it, heated etc...Don't think it's even in the same league as Starbucks when it comes to ripping people off.

And as for the OP, it really couldn't happen to a more deserving company. Don't have much sympathy for the staff at all tbh - I exercise my ethics and don't go in Starbucks, if they won't do the same and actually work there, they've kinda got it coming.

The [Starbucks is more profitable than an evil empire] thing in Austin Powers really wasn't too far off the mark.

How much are the ones that aren't 'Sub of the day'?

Kez100

Conrad wrote: »

A Starbucks Director said on Radio 4 last year that the average profit per branch was £19000 pa, so there must be many in the red.

I am not surprised they are struggling with such low profits. £52 profit a day. Doesn't take much of a drop in sales (bound to happen with present situation) and an increase in wages and NIC (NMW went up last year), energy costs and food/drink for that to be wiped out.

As you say must have some that were in the red for that average.I guess they are the ones being shed quickly now. Those and perhaps some on the margins as well.

Idiophreak

Ian_Griffiths_Halifax wrote: »

How much are the ones that aren't 'Sub of the day'?

Have a look at this for a guide:

http://www.subwayqueensway.co.uk/pricelist.html

Normally £2.50-3.50 for a 6", so around £3.50-£4.50 as a meal with a drink and cookie - or a bit more for a 12" - but, even for a lard !!! like me, 12" is a bit much to eat that often

eta: I normally only go on tuesdays anyway - meatball marinara for £2

mramra

Rochdale_Pioneers wrote: »

MaccieD breakfasts also taste nice cold. So buy it on your way into work, fridge it and have it for your lunch

:eek: Weirdo! :eek:

WTF?_2

lynzpower wrote: »

It really is a shame for those who lose thier jobs,especially as they wont get tax credits or a load of other subs towards helping them survive.

Good point - in the UK even if you lose your job you know you will always have enough to eat, have a roof over your head, clothes on your back and free healthcare thanks to the welfare state and NHS.

In the USA on the other hand, you are practically screwed. A few food stamps and some very, very basic discretionary medical care and that's it. No job=reliance on charity.

It is quite common in the US to have 3 part time jobs and drive between the three of them. ONe woman we saw on the news was finding that the petrol prices were making the 3rd job barely worth doing.

In the UK however just lie around in your house all day, smoking and drinking and popping out kids who know they will never have to do a day's work in their lives either (OK, taking an extreme case of the unwilling to work) and letting the state take the strain.

Just one more reason why the UK is going to be the worst hit of all the major economies.

Idiophreak

Have been thinking about this and actually, it's quite a shrewd move by Starbucks. They're well known for their clusterbombing, so I wonder how many of the branches that are going were every designed to be profitable in the first place...They've operated them at a loss for a while, driven out the competition and have now been handed a get out of jail free card "economic climate" to close these places down without the public, or the press, calling them on it. Now they can just sit back, count the money rolling in and start planning for the next great plan...

Or am I being a little cynical?