The media will no doubt make much hay over this morning’s announcement that Starbucks is closing 13 Las Vegas stores, more than any other city. Here’s some perspective:
The reason Starbucks is closing that many stores is that they’ve built so many stores. Guess how many Starbucks there are in Las Vegas…..
Do you have your guess?….
The answer is…..
There are almost 200 Starbucks in Las Vegas!
Starbucks is weeding out the worst-performing 7%. In the business world, we call that “improving productivity by focusing on execution”.
Think about how vibrant a place this must be to support 150+ Starbucks!