Manhattan is safe… for now

By Barbara Kiviat | July 11, 2008 | +

I’m at work late. Why? I don’t know. I should go.

Anyway, I’m here, so I saw that Starbucks just announced its first round of store closings. Go here to see if your favorite store is set to be axed. They’ve only posted the first 50 (out of about 600), so no one is out of the woods yet.

The first volley hit Mobile and Las Vegas particularly hard. Interestingly, none announced so far in Manhattan, which seems like one super-penetrated market that might go for some pruning. As long as it’s not the one on 52nd Street just east of 7th Avenue.

Barbara!

Related Topics: Economy & Policy

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Justin Fox

Vegas I get (the local economy’s in the tank). But the Mobile closings (4 out of 10 stores in the metro area) are really weird. This must be explained!
Barbara Kiviat

Good morning, Justin. I’m going to see some Starbucks people on Monday. I’ll ask.
Justin Fox

One possibility is that 10 Starbuckses for a not particularly Starbucksian place like Mobile was just plain excessive.
Barbara Kiviat

Yeah, apparently their real estate strategy got away from them.

More importantly: It’s a beautiful day. You should take CC Jr. outside and play. (Or is the blogging more about procrastinating book work?)
Malcolm

Kind of sad that you’re reduced to commenting on each other’s blogs because there are no readers to do so.

Malcolm!