clock menu more-arrow no yes

Filed under:


New, 13 comments

2008_10_buckswirelogo.jpg Cutting more than 600 jobs stores, adjusting employee schedules, launching new food/drink gimmicks aren't working for Starbucks: The coffee giant plans to cut $400 million in costs in 2009 "by doing everything from saving labor to using a single recipe for banana bread, instead of 11." The company's same store sales have gotten worse, and CEO Howard Schultz doesn't see the end of the rainbow. He tells the Wall Street Journal: "We're beating ourselves up every day because we've just never seen numbers like this." [WSJ]

Sign up for the newsletter Sign up for the Eater Los Angeles newsletter

The freshest news from the local food world