[lbo-talk] Starbucks reports falling profits

[Steven L. Robinson]

Isn't there a thing called market saturation?  Where I work - in downtown San Francisco - we literally have Starbucks around the corner from each other on the same block.  In places in the Suburban Bay Area you frequently  have two in the same strip mall - one in Safeway or Wells Fargo - and one in a free standing store.  I love my expresso as much as anyoone, but isn't there a limit to how much coffee we can drink? SR

Starbucks also said it would reduce the number of new stores it opens in the US this year from 1,175 to 1,020. 

-------------- Original message -------------- 
From: uvj at vsnl.com 


> BBC News 
> http://news.bbc.co.uk/ 
> 
> Wednesday, 30 April 2008 
> 
> Starbucks reports falling profits 
> http://news.bbc.co.uk/2/hi/business/7376615.stm 
> 
> US consumers are making fewer visits to Starbucks stores 
> http://news.bbc.co.uk/2/hi/business/7376615.stm