The bitter economy is hurting countless retailers and restaurant chains. But the prospect of Starbucks closing stores, rather than opening them, is different. The company has long been known in the world of commercial real estate for its expertise at selecting prime locations and its fearlessness in establishing almost comic ubiquity in some neighborhoods.
Source: Stone, Brad. "Lax Real Estate Decisions Hurt Starbucks" New York Times, 7/4/08.
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