Starbucks Posts First Quarterly Loss in 15 Years
Thursday, July 31st, 2008Starbucks just posted a 3Q loss — its first quarterly net loss in more than 15 years.
What’s to blame? Several things:
The company is in the middle of closing about 600 under-performing stores.
The company has also announced plans to cut about 1,000 office jobs (7% of the entire workforce).
U.S. consumers have stopped spending a much […]
