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Starbucks is permanently closing 400 stores in North America


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Coronavirus wreaks havoc on both small and large businesses. 

Although Starbucks was permitted to remain open during the pandemic (drive-through only), they projected a loss in the billions, or around a 45% drop in sales.

As a result, they're closing 400 stores in North America. ~200 in the US, and ~200 in Canada. 

That's to be expected I guess? People weren't/aren't leaving their homes for weeks. I feel like Starbucks can bounce back from this.

 

starbucks.jpg.77b44a5a8c13fe8cabda9ba5b3cc7dd6.jpg

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There are a lot of starbucks that were opened for the sake of gaining territory in certain regions. I bet they will leave their most profitable stores open and look into opening delivery hubs (no customers) for apps like caviar, ubereats and grubhub. I foresee most restaurants moving into this type of arena. 

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15 minutes ago, Roxxy said:

Really? Not even once like, say you're in the middle of nowhere and you need coffee and there's a Starbucks just across the street? :idkney:

No, I actually don't drink coffee ether but I do love the smell it's one of my fave scents ever. 

My body can't handle it I get very over stimulated and super hyped like to the point where I talk for hours and I'm just like go go go, after the effect I get a huge headache.

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I wanna be there when you touch fire

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3 minutes ago, Midnight said:

I get very over stimulated

Is that so. :orly:

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Noted. :tiffdrink:

Same. I'm not really big on coffee. I prefer milk and/or milkshakes. :imacat: But I do drink coffee when I need it. Like pulling an all nighter and then going to school or work with only 2 hours of sleep, that's the only time.

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