Southern Hemisphere Rocked By More Starbucks Closures
 

New York City (and other, less worthwhile parts of the United States) isn't the only region entering a Starbucks drought: In Australia, the coffee chain is closing three-quarters of its stores. While we're seeing some 600 stores close in the U.S., that figure represents just five percent of our total latte epicenters. Down under, the 61 of Australia's 84 shops that are closing is a full 72 percent of their shops, leaving only three areas left that Starbucks will focus on: Sydney, Brisbane, and Melbourne. Think they're done closing up shops? Likely not. There are 400 stores in the United Kingdom alone, and some 15,000 stores in 47 countries. Worldwide, consumers might one day face the possibility of … having to buy less expensive coffee.

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