ALMANACCAFE.COM Service 5

almanaccafe the almanac cafe food fun history recipes

Issue Date:

July 26, 2008

August 1, 2008

This Week In Review

California, Florida and Texas, the U.S. states with the most Starbucks Corp (SBUX.O: Quote, Profile, Research) stores, will see the most shuttered as the coffee chain axes more than 600 underperforming outlets in the coming year.

Starbucks is closing 88 locations in California, a loss of 5 percent based on store counts as of the end of March.

According to a list of store closures released on Thursday, Florida will lose 59 stores, or nearly 14 percent of overall outlets, while the coffee seller's move to shutter 57 Texas locations will lower store counts there by 11 percent.

The company, which expanded so aggressively that it is not uncommon to have two stores within view of each other, previously said 70 percent of the targeted stores were opened since its fiscal year that started October 2005 and that many were in close proximity to another outlet.

Authors Note: If you have eaten three times today and have any change in your pocket you are richer than about 99 Percent of the world

There is a lot to be Grateful for every day

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Starbucks

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