Starbucks Releases List Of First Stores To Close

Jul 15, 2008 Read more: NBC 5i Dallas/Fort Worth 23
On Tuesday, Starbucks detailed the first 50 of the 600 stores they will close. Only one store in North Texas is currently set to close, the store at Illinois Avenue and Westmoreland Road. Read more
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coffee drinker

Dallas, TX

#1 Jul 15, 2008
Could it be that the price for a cup of starbucks coffee is way too high. The price of fuel is even higher. Consumers have to make a choice of where to cut back. Starbucks coffee is a luxury that can definately be cut in my personal budget. Folgers works just fine.
MIKE WILKINS

Englewood, CO

#2 Jul 15, 2008
Starbucks cutback was a sure thing! It seemed that almost everywhere you traveled, there was a new store opening.I recall when Starbucks was new to the area, they were selective on where they would open a new store, but then before you knew it, they were opening stores in grocery stores. This was probably to give them more exposure. Today people will lose their jobs, businessman who spent the money to open a store, will lose hard earned investments. I think the real blame should fall on the shoulders of corporate for making the pie seem so big and how the local investors would make so much money. I also think that maybe Starbucks has hit the top and now is on a fast trip to the bottom. Granyed there will still be Starbucks, but nowhere as many as there was and that is not a bad idea. Starbucks has had a quality product, and for them to stay near the top, they should consider on dropping their pricesad the size of coffee.
The Frito Bandito

Palo Alto, CA

#3 Jul 15, 2008
coffee drinker wrote:
Could it be that the price for a cup of starbucks coffee is way too high. The price of fuel is even higher. Consumers have to make a choice of where to cut back. Starbucks coffee is a luxury that can definately be cut in my personal budget. Folgers works just fine.
IMO, folgers is WAY better than starcrooks. What I spend for a month or two supply of folgers is the same as one cup of starbucks.
Mahin Mobarez

Dallas, TX

#4 Jul 15, 2008
Before you know it the kids around the corner will start selling coffee rather than koolaid or lemonade! There's a market out there kiddos!
Mike

Dallas, TX

#5 Jul 15, 2008
I don't drink the stuff from the stores, but the little $2.40 cold coffee drinks I get at the gas stations, amounts to about $16/gal. So yes, it's WAY more expensive then gas.

At least they didn't think like the idiot management teams at the airlines (Let's fleece our customers by making them PAY to bring stuff with them when they travel!)

It would've been so hilarious: "Hmm, I know! let's charge customers for walking in the door of our starbucks stores, AND raise the price of each item by .50! That'll make things better!!"

L
The Frito Bandito

Palo Alto, CA

#6 Jul 15, 2008
Mike wrote:
I don't drink the stuff from the stores, but the little $2.40 cold coffee drinks I get at the gas stations, amounts to about $16/gal. So yes, it's WAY more expensive then gas.
At least they didn't think like the idiot management teams at the airlines (Let's fleece our customers by making them PAY to bring stuff with them when they travel!)
It would've been so hilarious: "Hmm, I know! let's charge customers for walking in the door of our starbucks stores, AND raise the price of each item by .50! That'll make things better!!"
L
Don't give them any ideas, but then again, they might hire you as a top level marketing executive to help implement this strategy of yours.
Eat it

Lewisville, TX

#7 Jul 15, 2008
Well, I am trying to figure out their profit issues. The prices they charge compared to what other stores are charging for the same thing is ridiculous. Its 5x as much at Starbucks for the exact same stuff. The big story is about how people will have to find a new Starbucks to go to. Hell, turn the corner, theres another one that isn't closing. Go there and spend $8 for a cup of coffee without liquor!
TOO BAD

United States

#8 Jul 15, 2008
that's what they get for charging 5 bucks for a cup of coffee.... i never drank there anyways.. i drink free coffee at work.. tastes the same to me.. haha

“I love people ;)”

Since: Jul 08

Dallas, TX

#9 Jul 15, 2008
Starbucks is good, but not worth the cost. I used to go there, until I realized how ridiculous it was. I cannot feel sorry for the corporation. We have three within two blocks by my house. It is a bit much.
Wendy

Burleson, TX

#10 Jul 15, 2008
FYI...the stores that are closing are "company owned" not franchises, meaning corporate spent the money to open them, not an independent business person. Granted, people are still loosing their jobs, but not their life savings.
MIKE WILKINS wrote:
Starbucks cutback was a sure thing! It seemed that almost everywhere you traveled, there was a new store opening.I recall when Starbucks was new to the area, they were selective on where they would open a new store, but then before you knew it, they were opening stores in grocery stores. This was probably to give them more exposure. Today people will lose their jobs, businessman who spent the money to open a store, will lose hard earned investments. I think the real blame should fall on the shoulders of corporate for making the pie seem so big and how the local investors would make so much money. I also think that maybe Starbucks has hit the top and now is on a fast trip to the bottom. Granyed there will still be Starbucks, but nowhere as many as there was and that is not a bad idea. Starbucks has had a quality product, and for them to stay near the top, they should consider on dropping their pricesad the size of coffee.
The Frito Bandito

Palo Alto, CA

#11 Jul 15, 2008
Wendy wrote:
FYI...the stores that are closing are "company owned" not franchises, meaning corporate spent the money to open them, not an independent business person. Granted, people are still loosing their jobs, but not their life savings.
<quoted text>
I believe that all Starbucks stores are "company owned" and do not franchise out. I could be mistaken though, because I know a few years ago, they didn't franchise out.

“Not all crack is bad.”

Since: May 08

Dallas

#12 Jul 15, 2008
I say good riddance!

Maybe a mom and pop place will finally have a chance without STARCROOKS predatory pricing them out of the market. I hate these economic terrorists.
Gene

Denton, TX

#13 Jul 15, 2008
What goes around, comes back around. The YUPPIES are crazy! Next, it's going to be the cell phone craze! When the "NOW" generation gets ready to retire, but can't, they finally will learn (too late) the error of their ways!
Martia

Dallas, TX

#14 Jul 15, 2008
Gene wrote:
What goes around, comes back around. The YUPPIES are crazy! Next, it's going to be the cell phone craze! When the "NOW" generation gets ready to retire, but can't, they finally will learn (too late) the error of their ways!
Yea, the Yuppies are sufferin now, they drive
SUV's and fill em up with expensive gas, WOW am I glad I never thought I could afford an SUV. Never did drink Starbucks or much else but water and tea, so I have managed to save a little money for a rainy day.


Chris

Killeen, TX

#15 Jul 15, 2008
I go to QT...bigger cups of coffee and way less money...taste just as good but then again I am not a big Starbucks fan either!
Martia

Dallas, TX

#16 Jul 15, 2008
Chris wrote:
I go to QT...bigger cups of coffee and way less money...taste just as good but then again I am not a big Starbucks fan either!
I go to QT, I notice their drinks are cheaper now. My ex used to go to 7-11 and buy the big gulp drink. 7-11 has made a lot of money from cokes and coffee. Now all those people can't afford to spend like that, they need to buy gas with what they got. I know some people that drink nothing but Pepsi and Coke all the time, now they are diabetic. I drink tea, its healthy and better than a soda and cheaper too.
anonymous2112

Dallas, TX

#17 Jul 15, 2008
I am not surprised. Here in Rockwall we have 4 starbucks in about a 1/2 sq mile area. Doesn't make sense to me. But I didn't notice any of them on the list to be done away with.

This was going to happen reguardless. This has nothing to do with the economy, it has to do with Starbucks extreme expansion. They grew that company at breakneck speeds with the product priced at max selling point. Now, they have found the saturation point.

From here on it will stores closings, layoffs and price adjustments until they find a balance between the right price and the # of sustainable stores.
anonymous2112

Dallas, TX

#18 Jul 15, 2008
coffee drinker wrote:
Could it be that the price for a cup of starbucks coffee is way too high. The price of fuel is even higher. Consumers have to make a choice of where to cut back. Starbucks coffee is a luxury that can definately be cut in my personal budget. Folgers works just fine.
I found this argument funny years ago when gas was $2 a gallon and people wer eup in arms overthe cost of a gallon of gas. However, a $4 coffe was perfectly accetable! We, as a nation, have stepped backwards about 20 years when it comes to logic.

I think a gal of starbucks coffee is aprx $64. Noone has a problem with that, but $4 gas and holy smoke, the world will come to an end. If you can afford Starbucks, you can afford gas.
puhaha

Dallas, TX

#19 Jul 16, 2008
the giant is falling..good for starbucks. i was getting tired of seeing a store on every corner!
Nichole

Fairfield, CT

#20 Jul 16, 2008
You can still get a plain old cup of coffee from Starbucks for about 2-2.50 for a medium/large. It's those fufu drinks that cost so dangin much. There regular black coffee is good and I don't think any more expensive than any where else. But, I agree there are so many of them EVERYWHERE! It won't be so bad to cut back on a few...but, now are we just going to have vacant buildings on every corner...that's not so flattering either!

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