Starbucks begins store closures

Starbucks has release a list of the first of 600 stores it will be closing. Starbucks has become known for having a store on every corner. Sometimes more than one in the same shopping center. They were opening stores in areas that had areas of growing real estate values. The prevalence of Starbucks in such neighborhoods caused some to drive their buying and investment activities based upon the presence of a Starbucks. If there was a Starbucks in the neighborhood it was considered to be growing in value and a good place to buy. With sagging home prices and a faltering economy, Starbucks is becoming a less needed luxury. They are becoming a victim of the "latte factor." People are finding that they can save $100-$400 a month by just not going to Starbucks. Is your local Starbucks closing?

For a complete list, visit the Starbucks list announcement. Arizona appears to have been spared.

#9583 - NATIONAL & 36TH
3506 NATIONAL AVE
SAN DIEGO, CA

#10630 - HWY 111 & RANCHO LAS PALMAS
71743 HWY 111
RANCHO MIRAGE, CA

#10710 - FLORIDA & SANDERSON
2801 W FLORIDA AVE
HEMET, CA

#10813 - CANYON SPRINGS & CORPORATE
2692 CANYON SPRINGS PKWY
RIVERSIDE, CA

#10888 - RAMONA & MISSION
4467 E MISSION BLVD
MONTCLAIR, CA

#11029 - LA PAZ & VALLEY CENTER
14689 LA PAZ DR
VICTORVILLE, CA

#11896 - SAN JUAN & MILLER
1280 SAN JUAN RD
HOLLISTER, CA

#13745 - PCH & BOAT CANYON
636 N PACIFIC COAST HWY
LAGUNA BEACH, CA