sergio said:La Nacion reports that 300 restaurants have closed in recent months due to the economic situation:
Are expats eating out less?
steveinbsas said:Way back in July, well before the current economic "crisis" began to unfold, Starbucks announced the closing of 600 of its retail outlets in the US.
bigbadwolf said:Not commenting on the rest of your post (which I agree with), but the crisis predates July 2008. The Starbuck closures are probably related to it.
mini said:I'm not sure Starbuck's closing have too much to do with 'the crisis.' I think it has more to do with over expansion in certain markets. In other markets, they are still expanding.
steveinbsas said:How much is a subway fare here now?
How much are property taxes?
How much is a liter of beer?
And so on and so forth.
Life IS good (here).
It really is.
bigbadwolf said:It becomes "over-expansion" precisely because the US market isn't as buoyant as sangine estimates had made it. And of course not just Starbucks has been adversely affected: it's across the board, and for chains that weren't expanding at all.
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