Can I mention Starbucks in report?

[Fernando]

Maybe not.

Starbucks is laying off 900 more corporate workers and closing some North American stores, the latest moves to trim costs and plow money into improving its cafes.

The Seattle-based coffee company said Thursday that most of the affected positions are located in North America. Starbucks said it is also eliminating many open positions. The company plans to notify affected workers Friday and asked corporate employees to work from home Thursday and Friday.

Starbucks have been opening too many stores.
The Starbucks store are more affordable and I'd been considering buying such a property (too bad its NN) but they have been opening stores in some "boonie" areas I would never go.
Now corporate realizes that not all the stores are making money and just expanded too fast.
Too much competition. My daughter used to go for the fraps. Now she goes to more social media recommended places.

 

[Fernando]

Maybe not.

Starbucks is laying off 900 more corporate workers and closing some North American stores, the latest moves to trim costs and plow money into improving its cafes.

The Seattle-based coffee company said Thursday that most of the affected positions are located in North America. Starbucks said it is also eliminating many open positions. The company plans to notify affected workers Friday and asked corporate employees to work from home Thursday and Friday.

Starbucks have been opening too many stores.
The Starbucks store are more affordable and I'd been considering buying such a property (too bad its NN) but they have been opening stores in some "boonie" areas I would never go.
Now corporate realizes that not all the stores are making money and just expanded too fast.
Too much competition. My daughter used to go for the fraps. Now she goes to more social media recommended places.
The study I had in mind must be outdated.

 

[Fernando]

Maybe not.

Starbucks is laying off 900 more corporate workers and closing some North American stores, the latest moves to trim costs and plow money into improving its cafes.

The Seattle-based coffee company said Thursday that most of the affected positions are located in North America. Starbucks said it is also eliminating many open positions. The company plans to notify affected workers Friday and asked corporate employees to work from home Thursday and Friday.

Starbucks have been opening too many stores.
The Starbucks store are more affordable and I'd been considering buying such a property (too bad its NN) but they have been opening stores in some "boonie" areas I would never go.
Now corporate realizes that not all the stores are making money and just expanded too fast.
Too much competition. My daughter used to go for the fraps. Now she goes to more social media recommended places.
The study I had in mind must be outdated.

 

[Fernando]

Not me. Something wrong with AF. Posted 3 times.

 

[Dublin ohio]

Not me. Something wrong with AF. Posted 3 times.

You've been targeted by Juan Valdez

 

[Fernando]

You've been targeted by Juan Valdez

Am I the only one.
AF slows me down in posting. I figured others are posting at same time and I have to wait. My screen freezes at AF until minutes later.
It's really annoying when I'm typing my report and at AF at same time causing these disruptions. Makes me lose focus.

 

[Fernando]

https://finance.yahoo.com/news/why-starbucks-closing-hundreds-stores-110051511.html?fr=sycsrp_catchall

Why Starbucks is closing hundreds of stores​

For years, Starbucks staked its reputation on its ability to expand relentlessly in cities and suburbs. Comedian Lewis Black even riffed in 2001 that the “end of the universe” was in Houston, Texas, where he found one Starbucks directly across the street from another.

Closing roughly 400 stores is like a rounding error for the coffee giant, which has more than 32,000 locations worldwide. And it still plans to open new stores next year. But the fact that Starbucks is shrinking right now represents something significant for its business.

Starbucks’ closures were driven by consumers who moved away from urban centers during the Covid-19 pandemic, said RJ Hottovy, an analyst at Placer.AI, a firm that tracks foot traffic. The chain is now shedding leases in areas that have notably less business.

And customers have balked at the chain’s prices. More than 70% of people blamed higher prices for why they planned to visit Starbucks less over the next 12 months, a recent UBS survey of 1,600 consumers found. Starbucks is struggling the most with people making under $100,000, the survey found.