Starbucks closing 400 stores

[Captain Orca]

Any insider info as to the possibility of Bux pulling out of Targets? I'm not a fan of Bux coffee but it is a draw. McDonalds coffee is much better.

 

[checklane01]

I don’t have any official information regarding leaving Targets. But Target licenses the Starbucks brand and products. Starbucks doesn’t own the space within the store, Target does, that’s why Tarbux TMs are employed by Target. Therefore, Tarbux is just more money for Starbucks because Target continually buys product and pays licensing fees.

 

[Hardlinesmaster]

The stores closing are corp stores.

Will your local Starbucks close? Coffee giant says it will close 400 stores but expanding pickup options

Starbucks will close up to 400 stores over the next 18 months while also expanding curbside pickup, Drive-Thru and mobile-only pickup locations.

www.usatoday.com

 

[Kaitii]

only 400? theres 15k or so in the us thats barely even a dent lol

 

[Captain Orca]

Franchise fees, guaranteed minimum royalties, purchase from approved suppliers (Sbux). Any metrics available? % of customers across the board all demographics who buy something? Average expenditure per visit?

 

[Jeremy1818]

The Article also says they are planning to open 300 stores too

 

[NKG]

There's a Starbucks by my house that was planning to close pre-covid and it was because it does more business than the building they are in can handle. So they planned to move it but I'm sure its going to be awhile

 

[seasonaldude]

Starbucks closes stores all the time. It's how they operate. They put more stores in an area than needed for the amount of customers. That makes it so that every coffee shop in the area is less profitable than it would otherwise would be. Starbucks can take the hit of having stores make less money. Smaller competitors can't. Once the competitors close, Starbucks reevaluates and closes any "extra" stores. That's just what they do.

 

[PaRaD0xxR]

is there a list of locations? I couldn't see that in the article, unless they updated it...

 

[redeye58]

Once the competitors close, Starbucks reevaluates and closes any "extra" stores. That's just what they do.

Page out of Walmart's play book.

 

[OneGoodEar]

Starbucks closes stores all the time. It's how they operate. They put more stores in an area than needed for the amount of customers. That makes it so that every coffee shop in the area is less profitable than it would otherwise would be.

So what's Subway's excuse? 😃

 

[Amanda Cantwell]

Any insider info as to the possibility of Bux pulling out of Targets? I'm not a fan of Bux coffee but it is a draw. McDonalds coffee is much better.

Never gonna happen. If you made a venn diagram of targets core market and Starbucks’s core market it would be a circle

 

[Asuras]

Starbucks is moving towards a To-Go/Order Pick-Up model for newer stores. Target all about To-Go, so if anything. Starbucks is making their stores more like a Tarbux 😅

 

[Dream Baby]

I believe Kroger is like Target where the Starbucks employees work for Kroger too.

 

[Amanda Cantwell]

I believe Kroger is like Target where the Starbucks employees work for Kroger too.

All starbucks stores are like that except for Corp store where they obviously work for Starbucks. Airport And rest stop Starbucks the TMs work for HMS Host.

 

[redeye58]

I'd love to see our dining area go away.
Can't count the number of times people conducted job interviews, performance reviews, set up their laptops mooching free wifi for hours (after buying a small coffee & nothing else), bringing in kids with outside food to sit down at our tables while mom shopped (& leaving a huge mess).