Which sector of the restaurant industry will be most affected by the economy's downslide?
The poll went like this:
60% Fine Dining
16.67% Fast/Casual
13.49 Coffee Shops/Cafes
9.52% Quickservice
I picked Coffee Shops/Cafes because I thought the easiest item to eliminate from spending is Starbucks!
I've worked in a coffee shop, so I know that this type of specialty store is a luxury more then a necessity.
600 Starbucks will close by the beginning of 2009. Nationally, the state with the most Starbucks to close is California with 88, followed by Florida with 59, Texas with 57 and New York with 39. Pennsylvania is losing 21 stores.
The closures will affect about 12,000 employees. Starbucks says some will be offered positions at nearby stores that remain open. Those who aren't, both full and part time, will receive a severance payment based on job title and current pay. Starbucks stores average about 20 part-time employees.
The 600 stores represent about 8.5 percent of the company's U.S. total.
Starbucks stock closed in trading Thursday at $14.39 a share. A year ago the stock was trading at $25.87, and in mid-2006 was near $40 a share.
The closures will affect about 12,000 employees. Starbucks says some will be offered positions at nearby stores that remain open. Those who aren't, both full and part time, will receive a severance payment based on job title and current pay. Starbucks stores average about 20 part-time employees.
The 600 stores represent about 8.5 percent of the company's U.S. total.
Starbucks stock closed in trading Thursday at $14.39 a share. A year ago the stock was trading at $25.87, and in mid-2006 was near $40 a share.
1 comment:
Does this have anyhing to do with the Secret Invasion? Probably?
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