Seattle based coffeehouse colossus Starbucks got roasted with negative sales figures and a declining financial picture. Starbucks plans to cut 300 more stores. The coffee chain took another hit after new sales figures came out; in latest figures it will close a total of 977 stores.
“The pace of weakening in the business environment and the global economy has been accelerating,” said Howard Schultz CEO of Starbucks.
This fall in retail sector employment will make things even more difficult for displaced manufacturing workers that are now jobless, and as our economy implodes people will begin to realize that instead of a severe recession we have a deep depression. The Colossus of Rhodes fell, and SBUX will fall too.
Latte Liberals no longer feel comfortable being seen in a Starbucks, no more double-top, no-foam, non-fat lattes. It is no longer cool to drink a four dollar coffee while people starve. In other news, the Starbucks executive jet is up for sale.
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