I'm not entirely surprised to hear that Starbucks are closing 60 plus stores in Australia, leaving only 23 to remain and no stores at all in some states. Australia had a very strong coffee and cafe culture long before Starbucks arrived, a culture that grew on the back of many waves of European migration. Migrants that introduced cappucinos and coffee machines from 1950s onwards, meaning that many of us grew up knowing what espressos, machiatos and lattes were.
I tried Starbucks a couple of times out of curiosity, but found the experience as unsatisfying as a trip to McDonalds. Acceptable, but kind of generic. Its consistency its shortcoming, rather than its strength. Not to say that plenty of people didn't get their coffees there, so it obviously appeals to some.
Then I heard that 600 stores are closing in the US. So the issue is likely one of economics, profitabilty, and possibly a market saturation policy that peaked and ultimately failed. Most of the Aussie stores will be closed in under a week, leaving an estimate of 600 staff unemployed, and many more in the US, which is the really sad part of the story. Closing a few unprofitable stores happens in any business chain, but such a large % seems to indicate a company in real trouble.