Coffee is king

Essay specific features

 

Issue:

Business

 

Written by:

Kimbery W

 

Date added:

April 25, 2015

 

Level:

 

Grade:

A

 

No of pages / words:

4 / 951

 

Was viewed:

6490 times

 

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Essay content:

Starbucks hasn't disclosed which stores will be shuttered. Starbucks reported that its U.S. operating profit fell more than 27 percent from the first quarter of last year. The company's stock price has slumped 40 percent over the past 12 months. Starbucks executives say a sagging economy and the credit crunch have cut into profits and slowed foot traffic in stores...
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However, Starbucks also has been a victim of its own success. The number of Starbucks stores that have popped up like mushrooms across the American landscape has long served as a punch line for late-night comedians - and that rapid growth is hurting business. Company executives said 25 percent to 30 percent of a Starbucks store's revenue is cannibalized when a new store opens nearby...
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