Starbucks closes 600 US stores (2008)
Starbucks announced it would shut 600 US locations after years of rapid store additions outpaced customer demand. The company had reached roughly 16,000 stores worldwide.
The closures ended the company's hyper-growth phase and prompted a focus on store quality and customer experience.
Starbucks recovered and now operates tens of thousands of locations, but the episode became a cautionary tale about overseeding a market.
Blank Street's rapid NYC expansion relies on many small locations. If demand doesn't keep pace, or permits lag, the chain could face a similar retrenchment.
