"Starbucks said it will close 100 underperforming U.S. stores, or roughly 1% of its current coffee shops, by the end of September. It also cut the pace of new store openings by 425 outlets for fiscal 2008. Starbucks currently operates more than 11,160 U.S. stores.
“By reducing the number of openings, we expect to optimize our resources and potentially reduce cannibalization of our existing stores,” founder and CEO Howard Schultz said.
McDonald’s has moved onto Starbucks’ turf in the past year, selling new coffee, undercutting Starbucks on price, and installing coffee baristas. Recently, Starbucks started testing $1 coffee and free refills at a few of its locations in Seattle." - source
OK so I still buy mine at the grocery store, by the 1-lb pre-ground bag.
