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Starbucks to close 400 stores!

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Written by   115
1 year ago

This is HUGE news coming in as the aftermath of the pandemic. Starbucks has announced that it will close about 400 stores in North America with 200 of them in Canada. This is a perfect example of how companies are shifting their strategy to align to the new world order created by the Corona Virus pandemic.

https://www.cnn.com/2020/06/10/business/starbucks-closing-400-stores/index.html

Starbucks has said that they are now strategizing to do more take outs than sit in/dine in operations which makes the most sense at this point in time.

I think companies will have to readjust just like Starbucks did and somehow make a different business model that will work for them to keep them above water. Let's see what other companies come up with to stay alive!

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Comments

your article is very interesting. it is very important for us. thank you very much for your information.

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1 year ago

This pandemic has changed many of our lifestyle habits, I don't know if we will be able to return to the ones we used to, but certainly these changes will not be isolated, we need to reinvent ourselves and adapt to the new regulations...

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1 year ago

Yup a drastic reinvention of how things are done is in order.

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1 year ago

This article is very amazing. This food item is the most important part of our list . Thanks a lot for your kind information about it.

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1 year ago