{"id":1003823532,"date":"2008-07-02T12:00:00","date_gmt":"2008-07-02T20:00:00","guid":{"rendered":"https:\/\/64.70.41.235\/2008\/07\/02\/starbucks-to-close-600-u-s-stores\/"},"modified":"2022-11-30T13:48:06","modified_gmt":"2022-11-30T21:48:06","slug":"starbucks-to-close-600-u-s-stores","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/","title":{"rendered":"Starbucks to Close 600 U.S. Stores"},"content":{"rendered":"<p>As part of its transformation strategy, Starbucks Corp. has revealed plans to close 600 stores in the United States. Starbucks, which previously announced plans to close 100 U.S. stores, announced the closings after an internal review identified potential stores for closure. The stores were chosen based on poor location that impacted a store\u2019s profitability and poor revenue projections. All impacted stores are scheduled to close by the first half of fiscal 2009. With the closings of the stores, the company will be eliminating part-time and full-time jobs at the retail level. The timeline for the closings of the individual stores is based on third-party agreements. The pre-tax charges facing Starbucks associated with the closings are estimated to be in the range of $328 to $348 million. Upon the completion of the actions, cash charges are expected to result in a net cash outflow of approximately $100 million, net of related income tax benefits. Howard Schulz, chairman &amp; CEO of Starbucks Corp., indicated in a release that the purpose for closing the stores was to increase the company\u2019s efficiency and customer service. \u201cWe recognize that it is necessary to make decisions that will strengthen the U.S. store portfolio and enable us to enter into fiscal 2009 focused on enhancing operating efficiency, improving customer satisfaction and ensuring long-term value for our partners, customers and shareholders,\u201d Schulz stated. As of November 2007, Starbucks had 6,793 company-operated stores in the United States. The company is currently undergoing a transformation process that included the return of its founder Schulz to the CEO office after eight years out of the position.To Blog and Comment Click Here<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of its transformation strategy, Starbucks Corp. has revealed plans to close 600 stores in the United States. Starbucks, which previously announced plans to close 100 U.S. stores, announced the closings after an internal review identified potential stores for closure. The stores were chosen based on poor location that impacted a store\u2019s profitability and&hellip;<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1003823532","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Starbucks to Close 600 U.S. Stores - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Starbucks to Close 600 U.S. Stores\" \/>\n<meta property=\"og:description\" content=\"As part of its transformation strategy, Starbucks Corp. has revealed plans to close 600 stores in the United States. Starbucks, which previously announced plans to close 100 U.S. stores, announced the closings after an internal review identified potential stores for closure. The stores were chosen based on poor location that impacted a store\u2019s profitability and&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2008-07-02T20:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-30T21:48:06+00:00\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starbucks-to-close-600-u-s-stores\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starbucks-to-close-600-u-s-stores\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1d2a393e4a57d6d45707374e94ab4fef\"},\"headline\":\"Starbucks to Close 600 U.S. Stores\",\"datePublished\":\"2008-07-02T20:00:00+00:00\",\"dateModified\":\"2022-11-30T21:48:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starbucks-to-close-600-u-s-stores\\\/\"},\"wordCount\":272,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starbucks-to-close-600-u-s-stores\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starbucks-to-close-600-u-s-stores\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starbucks-to-close-600-u-s-stores\\\/\",\"name\":\"Starbucks to Close 600 U.S. Stores - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2008-07-02T20:00:00+00:00\",\"dateModified\":\"2022-11-30T21:48:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1d2a393e4a57d6d45707374e94ab4fef\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starbucks-to-close-600-u-s-stores\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starbucks-to-close-600-u-s-stores\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starbucks-to-close-600-u-s-stores\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Starbucks to Close 600 U.S. Stores\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1d2a393e4a57d6d45707374e94ab4fef\",\"name\":\"the Editors of Commercial Property Executive\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4a1f01b65b63f52e71ac6af809a4afbf3c978600fbf7dee759ae70950f9604c7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4a1f01b65b63f52e71ac6af809a4afbf3c978600fbf7dee759ae70950f9604c7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4a1f01b65b63f52e71ac6af809a4afbf3c978600fbf7dee759ae70950f9604c7?s=96&d=mm&r=g\",\"caption\":\"the Editors of Commercial Property Executive\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/cpeadmin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Starbucks to Close 600 U.S. Stores - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/","og_locale":"en_US","og_type":"article","og_title":"Starbucks to Close 600 U.S. Stores","og_description":"As part of its transformation strategy, Starbucks Corp. has revealed plans to close 600 stores in the United States. Starbucks, which previously announced plans to close 100 U.S. stores, announced the closings after an internal review identified potential stores for closure. The stores were chosen based on poor location that impacted a store\u2019s profitability and&hellip;","og_url":"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2008-07-02T20:00:00+00:00","article_modified_time":"2022-11-30T21:48:06+00:00","author":"the Editors of Commercial Property Executive","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/"},"author":{"name":"the Editors of Commercial Property Executive","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1d2a393e4a57d6d45707374e94ab4fef"},"headline":"Starbucks to Close 600 U.S. Stores","datePublished":"2008-07-02T20:00:00+00:00","dateModified":"2022-11-30T21:48:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/"},"wordCount":272,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/","url":"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/","name":"Starbucks to Close 600 U.S. Stores - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2008-07-02T20:00:00+00:00","dateModified":"2022-11-30T21:48:06+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1d2a393e4a57d6d45707374e94ab4fef"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/starbucks-to-close-600-u-s-stores\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Starbucks to Close 600 U.S. Stores"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1d2a393e4a57d6d45707374e94ab4fef","name":"the Editors of Commercial Property Executive","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4a1f01b65b63f52e71ac6af809a4afbf3c978600fbf7dee759ae70950f9604c7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4a1f01b65b63f52e71ac6af809a4afbf3c978600fbf7dee759ae70950f9604c7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4a1f01b65b63f52e71ac6af809a4afbf3c978600fbf7dee759ae70950f9604c7?s=96&d=mm&r=g","caption":"the Editors of Commercial Property Executive"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/cpeadmin\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1003823532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1314"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1003823532"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1003823532\/revisions"}],"predecessor-version":[{"id":1004613635,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1003823532\/revisions\/1004613635"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1003823532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1003823532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1003823532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}