Totally Accurate and Important Starbucks Closure Analysis
Analysis In an attempt to stop hemorrhaging money, Starbucks—whose stock price has tumbled over sixty percent since October '06—recently announced the impending closure of over six hundred stores, including twelve in the Puget Sound region. Here's a look at what went wrong for the largest dealer of legalized drugs in America, and how you can cope with the crippling withdrawal. What do they do? Starbucks business model is ostensibly based on selling coffee, the mind-altering drug of choice for busy self-important professionals. In recent years, they have deluded themselves into thinking that people visit their stores for the atmosphere rather than the drugs. This has led to a series of inexplicably poor business decisions such as CD kiosks, placing as many as seven stores on a single block, and attempting to sell $12 pastries.
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