Jul 02
Starbucks closing 600 stores in the US
Oh no, the US economy is apparently not doing well. Starbucks closing 600 stores. US is about Starbucks right?
Starbucks closing 600 underperforming stores in the United States
SEATTLE (AP) — Starbucks Corp. has announced it’s closing 600 underperforming stores in the United States.
The Seattle-based premium coffee company also announced Tuesday it expects to open fewer than 200 new company-operated stores in the United States in fiscal 2009.
The company says it will try to place workers from closed stores in remaining Starbucks. (Source: Yahoo)
With the US dollar dropping and the local dollar appreciating, it’s even harder to get a decent earning from US cheques. It probably is a good time to buy into foreign markets, taking advantage of the good rise in local dollar. Not the US market though.