We are all going broke in 2008 y’all! Starbucks is closing stores! And there was a great earthquake; and the sun became black as sackcloth, and the whole moon became like blood!
Starbucks cautious on 2008, closing 100 stores
From the article…
The coffee chain — which is turning its focus to increasing its overseas business that helped the company post a higher quarterly profit — has been battered in recent months by slower consumer spending, higher milk and labor costs and concerns it may have saturated the U.S. market.
Actually, as I former barista I carry a few shares of stock and seeing as how the value decreased about 50% this year, I am not surprised.
MAY HAVE? Ya think? However, Dunkin’ Donuts seems to be doing ok. And DD coffee has more caffeine.