In a recent article by Bloomberg titled ‘Starbucks Pushing Landlords for 25% Cut in Cafe Rents‘ Starbucks is still trying to cut operating costs. Their business model is changing and they no longer can sustain paying outrageously high rents and still turn a healthy profit. When their profits dipped down 69%, they began laying as [...]
29
May
2009
Starbucks, Still Fighting To Stay Above Water
Tags: Banks, Closing, Commercial Real Estate, Economics, Economy, News, Recession, rents, Retail, Sales, Starbucks, Vacancy
02
Feb
2009
At Risk Retailers
Tags: Ann Taylor, Closing, Eddie Bauer, Gap, Job Loss, Lane Bryant, Pacific Sunwear, Retail, Starbucks, Timberland, Unemployment, Zales
Recently Forbes published a list of retailers they predict will be closing stores this year. Square Feet had a post about the same story recently, however new details have come to light on a few of these retailers and their exact store closings.
Lane Bryant
150 Stores Closed
Eddie Bauer
27 Stores Closed
[...]