Economy Crunch Hits Starbucks!

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Who could ever imagine Starbucks famous for those fabulous Lattes and Frappuccinos we all love, White Mocha being my personal favorite,  would be closing down 600 stores by 2009 according to NY Times.  Initially, Starbucks plans were to only close 100 stores but with the housing crises that affected California and Florida the hardest, which is a large region that Starbucks covered, Starbucks has definitely been struck as well.

Starbucks is now closing 70% of their newest stores that have been open less than 3 years.  As of Sept 30th, 2007 they had 6,973 stores worldwide.  That’s leaving 12,000 people unemployed, doing the math its  7% of their global workforce.  Sad to see so many cheerful employees go. 

So not only is gas pricing going up, housing going down, cost of food increasing but now Starbuck is shutting down doors.  Well, with a cup of coffee averaging $4-$5 society simply cannot afford it. 

So your asking how is this related to the Lead Industry? 

 

  • JOBS – More Home Based Business Opportunity Seekers
  • DEBT – Credit card debt will rise as some will continuously charge their credit card to get by.
  • MORTGAGE- More consumers taking equity and refinancing to pay bills.
  • PAYDAY LOANS – Loosing your job is not easy, the average person lives paycheck by paycheck more payday loan request will be demanded. 
  • INSURANCE – More demand for health insurance and life insurance coverage.
  • BANKRUPTCY-More consumers filing bankruptcy buried in debt.   

 

Consumers will be in big need of your help!  Starbucks is just an example of how the economic struggle is affecting not just individuals but companies as well.  A lead exchange will help companies offer services to consumers in need.  More demand in the financial space that’s for sure.  

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