Starbucks is planning to close 600 stores, eliminating 12,000 retail and non-retail positions. Starbucks is taking the $348 million hit in broken lease agreements and asset write-offs. Starbucks has also announced that their only going to be opening 200 new stores this fiscal year. These closures are only a small part of the ‘multi-faceted plan […]
Will Eliminating 12,000 Positions Help Starbucks’ Turnaround?
July 1st, 2008 · 1 Comment · Starbucks
Tags:Close·profit·Starbucks·Stores·Turnaround
New Day, New Promise, New Starbucks
February 27th, 2008 · 5 Comments · Starbucks
Yesterday, Starbucks decided to close most of the stores across the country for three hours for Espresso Excellence re-training. They hoped to accomplish common ground for all partners (employees) with the back-to-basics approach by reinstating standards and policies. These milk and espresso standards were drastically changed to ensure the perfect hand-crafted espresso beverage. […]
Tags:Back·Basics·Close·Comeback·Howard·Promise·Shultz·Starbucks·Stores