clock menu more-arrow no yes mobile

Filed under:

'Bucks Stop Here

New, 1 comment

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Starbucks is another retailer hard-hit by the economic crunch, set to close 600 underperforming stores and 12,000 jobs. Per Reuters via Starbucks Gossip: "The company also announced Tuesday it expects to open fewer than 200 new company-operated stores in the United States in fiscal 2009. Starbucks says the stores that will be shuttered are spread across all major U.S. markets with approximately 70 percent of them opened since the beginning of fiscal 2006. The company says it will try to place workers from closed stores in remaining Starbucks." Could this mark the beginning of the end to a 'Bucks every ten feet? [Starbucks Gossip]