Starbucks Is Closing 600 Stores. Will Newark Be On the Hit List?

5Reasons · 07-01-2008, 07:41 PM

http://www.bloomberg.com/apps/news?p...kfQ&refer=home

Starbucks is doing their first major contraction. Will the Newark get hit?

EverythingMatters · 07-01-2008, 08:08 PM

Quote:

Originally Posted by 5Reasons

http://www.bloomberg.com/apps/news?p...kfQ&refer=home

Starbucks is doing their first major contraction. Will the Newark get hit?

Wouldn't surprise me if it closed. Newarkers don't tend to spend big dollars on coffee. It's not the granola crowd. Personally I always thought the coffee was to strong and then when they stopped brewing mild after 1PM I stopped going.

my 2 cents. Thanks you.

ken · 07-01-2008, 09:52 PM

Quote:

Originally Posted by 5Reasons

http://www.bloomberg.com/apps/news?p...kfQ&refer=home

Starbucks is doing their first major contraction. Will the Newark get hit?

I doubt it. SBUX is sitting on some prime real estate at Newark's crossroads, and I'm sure has a steady clientele from City Hall and Pru (at the very least).

Starbucks had a strategy they called "cluster bombing" -- I'm not kidding -- that would strategically drop three or four stores within blocks of each other to crush any local competition. I'm sure these stores will likely be consolidated before the company looks at removing themselves from metropolitan areas altogether.

That, and I'm sure Howard Shultz would personally get an angry call from Booker.

Hots in the Ironbound · 07-01-2008, 11:19 PM

If they open a bookstore near Starbucks, that would be great.....unless, of course, the bookstore contains a Java counter.

jb246 · 07-01-2008, 11:35 PM

If Kinkos closed right in the middle of Lawyers row starbucks won't be far behind. But hey we are getting another Bank

Poet · 07-02-2008, 10:12 AM

It won't close. They said the starbucks that will close will be those with another starbucks in close proximity. That one will most likely stay put.

DocMarv · 07-02-2008, 10:38 AM

There's already a Starbucks in the Gateway though.

Poet · 07-02-2008, 11:34 AM

If its between the two, I would guess the gateway one would be the first to close... but, that might be because I never go in the gateway. Would you disagree?

DocMarv · 07-02-2008, 11:57 AM

Probably since there is already a bunch of Dunkin Donuts and whatnot. but I bet more people use the Gateway one than the Broad St one.

zengeist · 07-03-2008, 10:06 AM

Support T.M. Wards!

07-01-2008, 07:41 PM	#1
5Reasons MASTER MEMBER Join Date: Sep 2004 Posts: 3,951	Starbucks Is Closing 600 Stores. Will Newark Be On the Hit List? http://www.bloomberg.com/apps/news?p...kfQ&refer=home Starbucks is doing their first major contraction. Will the Newark get hit?

07-01-2008, 11:19 PM	#4
Hots in the Ironbound Superior Member Join Date: Dec 2007 Posts: 503	Starbucking If they open a bookstore near Starbucks, that would be great.....unless, of course, the bookstore contains a Java counter.

07-01-2008, 11:35 PM	#5
jb246 Senior Member Join Date: Mar 2007 Posts: 446	Yes it will close If Kinkos closed right in the middle of Lawyers row starbucks won't be far behind. But hey we are getting another Bank

07-02-2008, 11:57 AM	#9
DocMarv Member Join Date: Jun 2006 Location: E.O. NJ Posts: 139	Gateway Probably since there is already a bunch of Dunkin Donuts and whatnot. but I bet more people use the Gateway one than the Broad St one.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

07-02-2008, 10:12 AM	#6
Poet Superior Member Join Date: Oct 2005 Posts: 1,407	It won't close. They said the starbucks that will close will be those with another starbucks in close proximity. That one will most likely stay put.

07-02-2008, 10:38 AM	#7
DocMarv Member Join Date: Jun 2006 Location: E.O. NJ Posts: 139	There's already a Starbucks in the Gateway though.

07-02-2008, 11:34 AM	#8
Poet Superior Member Join Date: Oct 2005 Posts: 1,407	If its between the two, I would guess the gateway one would be the first to close... but, that might be because I never go in the gateway. Would you disagree?

07-03-2008, 10:06 AM	#10
zengeist Senior Member Join Date: Jul 2006 Posts: 448	Support T.M. Wards!

Sponsored links
TEST SP