Starbucks No More?

The mega coffee company known as Starbucks was founded by a gentleman name Howard D. Schultz in 1985. He never knew that his passion in coffee would make him into a millionaire. The famous $4 cup of coffee and teas has made huge profits for the company. However, in today’s struggling economy people are not buying these luxuaries treats and are settling for the second best thing. Starbucks is announcing that it will close many of its stores in neighborhood or business districts that do not make enough profit.

I like Starbucks. My friends work there and it seems like great summer job for teenagers. However, it seems like Starbuck’s marketing people are opening new stores across the block from their very own. It seems like their competing with themselves. Maybe that’s the reason why they are losing so much money.