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Huge coffee chain with over 1,300 shops in the UK to close high street shop TOMORROW

A HUGE coffee chain with over 1,300 shops in the UK is closing one of its high street shops tomorrow.

Starbucks is shutting its doors at one of its stores in Dumfries, Scotland.

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The coffee giant already has 1,066 UK branches[/caption]

The coffee shop, which is located on Dumfries High Street, will pull down its shutters on Sunday, January 12.

A Starbucks spokesperson said the company was looking into positions nearby for a new shop.

They added: “We regularly review our portfolio to ensure our stores are relevant for our customers.

“We thank our customers for their loyalty over the years and invite them to find their nearest store on Annan Road, Dumfries, and to see others on the Starbucks Store Locator.”

Coffee enthusiasts took to social media to express their disappointment with one user saying “another good shop gone.”

Another punter said: “Shame for those losing their jobs.”

A third added: “Hope the workers get new jobs always sad for the rapidly declining town.”

This comes as Starbucks announced the closure of one of its Reading cafes in April last year.

Locals were also surprised to hear their Dalton Park store, in Murton, Country Durham, closing down in 2024.

One said: “Wish all the lovely staff good luck. They were always very friendly and made the best coffee around.

“Much better than Costa. Will miss it, was a lovely treat at Dalton Park. No other decent coffee places there now.”

New Starbucks CEO takes over coffee chain struggling to keep customers – as fans gripe that prices are ‘absurd’
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Elsewhere, Starbucks pulled down the shutters on its coffee house in Witney, Oxford.

The coffee shop was located in Market Square, Woolgate Shopping Centre.

Posting on Facebook one client said: “It’s sad to see such an amazing place in Witney closing down!

“Much better than the one in Sainsbury’s.”

Why are retailers closing shops?

EMPTY shops have become an eyesore on many British high streets and are often symbolic of a town centre’s decline.

The Sun’s business editor Ashley Armstrong explains why so many retailers are shutting their doors.

In many cases, retailers are shutting stores because they are no longer the money-makers they once were because of the rise of online shopping.

Falling store sales and rising staff costs have made it even more expensive for shops to stay open. In some cases, retailers are shutting a store and reopening a new shop at the other end of a high street to reflect how a town has changed.

The problem is that when a big shop closes, footfall falls across the local high street, which puts more shops at risk of closing.

Retail parks are increasingly popular with shoppers, who want to be able to get easy, free parking at a time when local councils have hiked parking charges in towns.

Many retailers including Next and Marks & Spencer have been shutting stores on the high street and taking bigger stores in better-performing retail parks instead.

Boss Stuart Machin recently said that when it relocated a tired store in Chesterfield to a new big store in a retail park half a mile away, its sales in the area rose by 103 per cent.

In some cases, stores have been shut when a retailer goes bust, as in the case of Wilko, Debenhams Topshop, Dorothy Perkins and Paperchase to name a few.

What’s increasingly common is when a chain goes bust a rival retailer or private equity firm snaps up the intellectual property rights so they can own the brand and sell it online.

They may go on to open a handful of stores if there is customer demand, but there are rarely ever as many stores or in the same places.

The retailer recently announced the opening of 100 new stores across the UK – which will include a mixture of company-operated and franchised stores.

Over £30million will be spent on opening new cafes in the next few months.

The coffee giant already has 1,066 UK branches – 318 of which are company-owned and 748 are run by licensees.

You can find your nearest Starbucks branch by visiting starbucks.co.uk/store-locator.

What is happening in the hospitality industry?

Food and drink chains in general have been suffering as the cost of living has led to fewer people spending on eating out.

Businesses had been struggling to bounce back after the pandemic, only to be hit with soaring energy bills and inflation.

Multiple chains have been affected, resulting in big-name brands like Wetherspoons and Frankie & Benny’s closing branches.

Other coffee chains such as Costa and Caffe Nero have closed branches over the past few months.

Most recently, Revolution Bars Group has revealed to The Sun it will shutter 11 locations on August 11 as part of a major overhaul.

It added a further undisclosed site will close, or has already closed.

The chain currently operates 38 Revolution-branded sites across the UK.

Bars will welcome in guests for the final time in Blackpool, Chester and Norwich next month.

Plus, Premier Inn owner Whitbread is set to axe 1,500 jobs and close over 200 restaurants and pubs in the coming months.

Whitbread plans to slash its chain of branded restaurants across the UK in favour of building more hotel rooms.

Elsewhere, some chains have not survived, Byron Burger fell into administration last year, with owners saying it would result in the loss of over 200 jobs.

Pizza giant, Papa Johns announced plans in recent months to shut down 43 of its stores.

Tasty, the owner of Wildwood, said it will shutter the sites as part of major restructuring plans.

The brand also announced plans to close 20 loss-making restaurants after a “challenging” start to the year.

Britain’s biggest pub company, Stonegate, has raised fears about its survival as it races to plug its debts.

Stonegate owns 4,432 sites across the UK under the Slug & Lettuce, Be at One, Sports Bar & Grill brands and 350 traditional style pubs under its “Proper Pubs” banner.

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Over £30million will be spent on opening new cafes in the next few months[/caption]
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I became a widow at 46. I wish I had been more financially prepared.

The author (not pictured) was 46 when she became a widow.
  • My husband died when I was 46, and I received a wake-up call about financial preparedness.
  • His life insurance policy was a lifesaver as I developed a more long-term plan for our family.
  • I sought professional advice to get through that time, and I'm glad I did.

In the wee hours of the morning, several days after my husband's death in 2003 from sudden cardiac arrest, I awoke out of breath, my heart racing. Would my daughters be able to stay in their schools? Could I continue to pay the mortgage on our home?

When my husband accepted his first overseas diplomatic assignment, I gave up my career. Once back in the States, I began to slowly rebuild my professional life, but I was far behind my peers in earning power and savings. Still, I didn't worry too much about our income and my slow-growing 403b. We weren't diligent savers; we had mortgages, car loans, and two children in private schools. We relied on the assumption that Uncle Sam had our backs.

Insurance was a lifesaver for me during that time

Suddenly, with a base salary of $42,000 a year, I became responsible for my two teenage daughters and, as an only child, my elderly mom. My husband had good life insurance in place (with his morbid sense of humor, he often joked about how "well off" I'd be when he died), which was a godsend, but I needed to understand how to use our money efficiently.

Most financial experts say you should have enough money in your emergency savings fund to cover three to six months' worth of living expenses. Being unprepared is exacerbated if you are not used to navigating the finances. In my case, I was aware of our position in general terms, but large decisions, such as our daughters' education and buying or selling a home or vehicle, were always joint.

As my husband's beneficiary, I received his federal life insurance payout. Early on, I received incorrect information, leading me to believe that I needed to keep the insurance payout I received in the low-interest settlement account. Learning that I was able to move it to an account that delivered a higher rate of return eased a lot of stress. My initial priority was not investing but making sure I had enough money coming in to pay our bills. I chose to work with an advisor at our credit union to invest the money in instruments that would conserve — and hopefully increase — my principal and provide an income stream to supplement my small salary.

I developed a long-term financial plan

My advisor suggested investments that would help me achieve the goals we had planned for our daughters. I was happy to learn I'd be able to keep my younger daughter in parochial high school and enable my older daughter to remain at her current college. Next, I paid off some high-interest items with part of the insurance money, which eased the burden on my modest income and saved me from having to make large draws from our investment accounts. Later, I tackled estate planning issues such as updating my own will and beneficiaries on all financial items.

Even though I knew how to access our bill-paying software and bank accounts, having no real savings of my own and a meager retirement plan due to contributions of only the 10 years we'd been back in the States made me anxious. The reality of planning a possible solo retirement made me again wish I'd been wiser about my personal saving practices. Soon after tragedy strikes, many widows and widowers rush to make huge — and sometimes unwise —

major financial decisions. A short time after my husband's death, I considered selling our home. but an accountant friend advised me to wait until I was on steadier emotional ground. I'm glad I did because the house appreciated in value, and I was able to secure a good price when I did sell it 15 years later.

I learned a lot about financial preparedness when I became a young widow

In my grief support group, I saw firsthand others having to sell homes or move in with family after losing a spouse or partner's income. I know I was fortunate because of my husband's foresight in planning for a future that did not include him. Because my life insurance had always come as a benefit of my employment, I purchased additional insurance to guarantee that the girls would have some assets should my financial situation change, or I could no longer work.

Even though I learned a lot by becoming a young widow, I wish I'd known more about financial planning before tragedy struck. Having to shoulder the weight of a family's financial present and future only added to my already fragile emotional state. At least, seeking both professional and personal help and a dose of strategic planning eased one of the burdens I felt immediately after my husband's death.

Read the original article on Business Insider
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Ревматолог: "5 апреля 2024 в г.Колумбус запущена квота"

Каждый человек с больными суставами имеет право получить...






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Ревматолог: "5 апреля 2024 в г.Колумбус запущена квота"

Каждый человек с больными суставами имеет право получить...


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  • ИП Попов А.П.
  • ИНН: 602715631406
Ревматолог: "5 апреля 2024 в г.Колумбус запущена квота"

Каждый человек с больными суставами имеет право получить...

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