Your Spot Might Not Be Hot

That is, Starbucks is shutting down 600 stores. Your favorite hangout might be one of them unfortunately. High gas prices have had major impacts on their revenue numbers. Consumers havea choice — cut out the double latte or put a couple of gallons of gas in the tank to get to work. Its the luxury given up for the essentials in bad times. —

Starbucks Corp. said Tuesday that it has drastically increased the number of stores it plans to close and could eliminate as many as 12,000 full- and part-time positions as a result.

The company said it now plans to close 600 company-operated stores in the United States, up from its previous plans to close 100 stores.

Starbucks was a great hangout. I couldn’t justify the expenditure for a 3.99 cappo though it was fun to splurge from time to time. There are folks I know who were 2 and 3 cuppers every day. Crazy.

Regardless, for those that were used to the WiFi access; you might have to look for alternate digs. ‘Bucks has not provided a list of closing locations. I sort of doubt that they will either. Not their style to announce closings. This will cut into AT&T penetration level with them as well.

Linky.