Starbucks’ revenue rose 3% but its earnings dropped an astounding 97% for the company’s fiscal 4th quarter. As a sign of the times, last years profits were $158.5 million — this year’s comes in at a paltry $5.4 million. The company plans to rectify this by slowing international growth and lowering the price of holiday merchandise. Way to keep the price of the coffee high, guys.

[WSJ] Starbucks to Slow Growth as Profit Falls

Starfucks has fired 1,000 of its management staff. 180 of these were at the corporate headquarters in Seattle.

Source: Seattle Pi-I

The Seattle Times is assembling a Google map with all of the closing Starfucks. Montana, Idaho, Nevada, and Utah have dodged the bullet… for now

Map of closing Starbucks stores >>

In a sign of the times Starbucks has announced that it will be closing 600 stores in the U.S.