This may assist our cousins across the paddock

http://www.franchisebusiness.com.au/...ees_z49743.htm


Horry wrote:
> On Sun, 01 Feb 2009 18:54:39 -0800, val189 wrote:
>
>> On Jan 29, 6:55 am, Andy > wrote:
>>> Starbucks closings.
>>>
>>> Starbucks announces 300 more store closures. That in addition to the
>>> 2008 600 store closings.
>>
>> For me, it's no great loss. I have probably darkened their door thrice
>> in my life. I didn't think the coffee was so great, either.
>>
>> Does anyone know what percentage of their store have closed in the last
>> year or so?
>
> They shut down 100% (3 of 3) in my city... and according to this
> article, the Australian franchise is shutting (or has shut) down 75% of
> its stores.
>
> http://www.news.com.au/adelaidenow/s...006301,00.html
>
> Starbucks to shut its three Adelaide stores
>
> MEREDITH BOOTH
>
> July 29, 2008 11:30pm
>
> ALL three Starbucks coffee stores in Adelaide, employing about 30 people,
> are expected to close on Sunday as the U.S.-owned Australian franchise
> shuts down 75 per cent of its locations.
>
> The subsidiary of U.S. company Starbucks Coffee will axe about 685 jobs
> when, in five days, it closes 61 "underperforming" stores from 84
> locations, leaving only 23 stores in Brisbane, Melbourne and Sydney.
>
> "After evaluating several options to strengthen the business in
> Australia, Starbucks made this decision to concentrate its attention and
> resources on profitable growth, operational efficiencies and an enhanced
> experience for customers and partners (employees) globally,'' a company
> spokesman said.
>
> Employees at Starbucks' Rundle Mall, Glenelg and Noarlunga stores were
> told of the closures yesterday.
>
> All closure sites will be made public tomorrow when posted on the chain's
> Australian website after all employees are told.
>
> Starbucks Coffee Company (Australia) made an operating loss of $36
> million in the year to September 30, 2007, adding to a $27 million loss
> the previous year.