Oh no, the US economy is apparently not doing well. Starbucks closing 600 stores. US is about Starbucks right?
Starbucks closing 600 underperforming stores in the United States
SEATTLE (AP) — Starbucks Corp. has announced it’s closing 600 underperforming stores in the United States.
The Seattle-based premium coffee company also announced Tuesday it expects to open fewer than 200 new company-operated stores in the United States in fiscal 2009.
The company says it will try to place workers from closed stores in remaining Starbucks. (Source: Yahoo)
With the US dollar dropping and the local dollar appreciating, it’s even harder to get a decent earning from US cheques. It probably is a good time to buy into foreign markets, taking advantage of the good rise in local dollar. Not the US market though.