[dennisw]

Translation from his hippie talk-—

We are going to have to abandon many of our “urban” stores that we still have to pay leases on. We will have to close a few hundred other unprofitable stores

Dunking Doughnuts has stolen much of our coffee business. Though we still dominate in Pumpkin lattes.

[bert]

Starbucks is a stylish fad. When the luster of the style fades, the overexpansion excesses kick in to erode profitability.

The result is that Starbucks must compete on the ordinary business principles of a better product than the competition.

[Salman]

Also he’s getting away from unions.

[Rockingham]

It also sounds like Starbuck’s Seattle cool vibe is over.