More on Starbucks’ over expansion.

I see in the Economist that Starbucks will close a further 500 stores in America (in addition to the 100 closures it announced earlier this year), and reduce its workforce of roughly 172,000 by around 7%. I am still waiting for anyone in McKinsey to confirm that they stand by their recommendation for firms to grow their way out of recession – as Starbucks did in 2001-02 [see earlier post].

Leave a Reply

Your email address will not be published. Required fields are marked *