Would you save your Starbucks from closure?
By Emma Thelwell
Last Updated: 11:33am BST 29/07/2008
Starbucks has announced plans to shut three quarters of its Australian coffee shops within the next five days in its latest aggressive cull amid a slowing global economy.
Starbucks plans to close three quarters of its Australian stores
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The American coffee giant said it will close 61 of Australia's 84 Starbucks outlets throughout the country in order to focus on three core cities and surrounding areas: Sydney, Brisbane and Melbourne.
Store managers were told to shut their doors and await news today on whether their branch would be kept open, according to the Sydney Morning Herald.
The shock announcement comes hot on the heels of its plan to close 600 coffee shops across America as the economy falters and customers shy away from their daily $4 coffee shot. That's 70pc of the shops that opened in 2006, and 500 more shop closures than they had originally planned.
The move has spawned outrage from many Starbucks customers in the US, who have set up a campaign called Save our Starbucks.