American coffee chain Starbucks is looking to dispose of 30 shops across the country.
Starbucks is understood to be relinquishing the leases of its non-profit making stores as part of a country-wide review of its property portfolio. The coffee chain has around 700 shops in the
In January 2009, Starbucks announced plans to close 100 international stores as part of a programme to improve its business and ensure its long-term viability.
Starbucks’ has been hit by a fall sales. Its total net revenues – outside the
It has seen a 3% decline in comparable store sales due to a 2% decline in the number of transactions and a 1% fall in the average value per transaction. Its
A Starbucks spokeswoman said: “We have been looking at all parts of the business to manage our cost structure and align the organisation in the most efficient way possible.
“Our priority during this time is to prepare for the continued uncertainty in the economy and ensure we have a strong foundation to support our long-term goals.”
“At the moment we are reviewing Starbucks
