editor
hiraethified
Looks like frappucino fail.
http://news.bbc.co.uk/1/hi/business/7857316.stmCoffeeshop giant Starbucks has announced it will cut around 6,700 jobs and shut 300 stores as it reported a 69% plunge in quarterly profit.
Starbucks has struggled as hard-up consumers are forgoing expensive lattes and frappucinos as the recession bites.
It said it made a net profit of of $64.3m in the 13 weeks to December 28, down from $208.1m a year ago.
Two-thirds of the store closures will be in the US and they come on top of the 661 closures announced in 2008.