If you are following US Business news you would have read about Starbucks closing over 600 of their stores around USA. I am wondering on what took them so long to do it.

For instance every time I visit Seattle (their headquarters) I am puzzled on how come Starbucks have nearly half-a-dozen stores in the downtown area around WA State convention Center. Aand all of them in walking distance to one another. In one of the streets for every block they have a Starbucks store. Naturally each of their store will eat into their other stores - if it is carpet bombing strategy against competition, I don't find it impressive.

Here is the full list of stores that they are closing.