Starbucks profit declined 97% in the 4th quarter it was reported today. One-time large scale store closures are partly to blame, but people are cutting back on spending for items like add-shot venti carmel machiatto soy lattes at 4 bucks + a pop. Maybe that's why Starbucks has yet to replace the burned out lights in the sign at a Culver City location.
Tuesday, November 11, 2008
Starbucks is Hurting
Starbucks profit declined 97% in the 4th quarter it was reported today. One-time large scale store closures are partly to blame, but people are cutting back on spending for items like add-shot venti carmel machiatto soy lattes at 4 bucks + a pop. Maybe that's why Starbucks has yet to replace the burned out lights in the sign at a Culver City location.
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