The Lane Train

News and Pop Culture for the Blog Generation

Starbucks Downsizing…Wait, What???

Posted by thelanetrain on July 2, 2008

We know the economy is in a downturn if the largest coffee chain the country, one notorious for swallowing up smaller, independent coffee houses, is announcing that it will close 600 stores across the U.S.  The article from AOL News reports that Starbucks chose to downsize due to the economic strain on its rapid overexpansion and falling share price.  Hmm, apparently that mandatory 3 hour company pow-wow didn’t do anything to help the company.  And while Starbucks isn’t saying which stores it will close, it only announced that the target stores for closure will be spread all across the country.

I guess this means to end to scenes like this, or stories like this.  It’s truly the end of an era, and we’re all going to have to settle for a Starbucks on every other corner.  *Sigh*


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