Oxford St Starbucks to close

Oxford St Starbucks to close

The Oxford St Starbucks will be one of 61 stores to close as the company begins a process of nationwide restructuring.

It was announced on Tuesday night that Starbucks would be shutting 61 stores across the country, leaving just 23 stores open in capital cities.

In a statement issued by the company’s PR firm, Starbucks president and CEO Howard Schultz said the closures were necessary to further the company’s international growth.

In January 2008 we developed strategies to transform the company for the future. We believe that this difficult, yet necessary decision to close stores in Australia will help support the continued growth of our international business, Schultz said.

This decision represents business challenges unique to the Australian market. There are no other international markets that need to be addressed in this way.

The Oxford St Starbucks will say goodbye to the strip with an all-day party from 8am-midnight Saturday.

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5 responses to “Oxford St Starbucks to close”

  1. Gloria Jeans should realise it is also not wanted in Australia.

    Gay and Lesbian Equality are currently running a campaign to educate the public about the unsafe and ethically unsound practices of Mercy Ministries and to encourage Gloria Jeans to change their funding agreement.

    Mercy Ministries deceive the public by promoting themselves as a refuge for distressed young women suffering from eating disorders, drug addiction, unplanned pregnancies, depression and other psychological issues – they use ineffective faith-based healing and religious indoctrination rather than medically approved psychiatric treatment.

    http://www.coffeeforabettercause.info/postcard.pdf

  2. AH! – I loved that star bucks! ah well, hopefully a gay pub opens there instead (yes we need more gay pubs/clubs on oxford st – tell the hetros where to go)

  3. Im really going to miss “More Froth, instead of actual coffee” I hope Gloria Jeans is next!!!!

  4. D’oh! Starbucks does better coffee than Gloria Jeans. Why do they have to leave? :(