“Starbucks is decaffeinating its expansion with plans to close 150 U.S. units, three times as many stores as its usual fleet-rationalization rate, reflecting slowing growth and a performance that is undeserving of shareholders, said Kevin Johnson, Starbucks president and CEO, during an Oppenheimer conference yesterday.”
As Business Stalls, Starbucks Triples Store Closure Rate With Plans To Shutter 150 U.S. Locations
Starbucks reins in expansion, ramps up store closings
Starbucks says it will close 150 stores next year
Starbucks to accelerate store closings next year
Below are a few articles that I found interesting this week.
Local:
D-FW investment property buys slowed in the first quarter
Landmark Deep Ellum hotel will fly Kimpton flag
Uptown Dallas office high-rise project will include park and restaurant buildings
DFW Economy Growing at a ‘Blistering Pace’: Federal Reserve
Help From Across The Pond: London And Dallas-Fort Worth Ink Partnership
Maple Avenue building sells for redo in Dallas’ Oak Lawn district
How a strip mall parking lot could become a park in Far North Dallas
One year and $30 million later, Dallas’ Hotel Crescent Court marries old with new
Allen Premium Outlets expansion ends with H&M opening, food truck row and stores relocating
National:
Supreme Court Widens Reach of Sales Taxes in E-Commerce
Dollar General jumps into self-checkout game
Texas Has Six Most Prosperous Cities
Retailer GameStop is in talks with buyout firms after receiving takeover interest
BJ’s Wholesale expects its IPO to price at $15 to $17 a share
Subway hires Bain to help with sales slump
Aldi, Big Lots, and Ashley pick up some Toys ‘R’ Us stores
Rent-A-Center to be acquired for $1.37 billion
What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.
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Tim Lepore 