That isn't a new strategy. Starbucks did it all throughout the 1990s, opening locations sometimes literally on every block of major cities, many of them money-l

That isn't a new strategy. Starbucks did it all throughout the 1990s, opening locations sometimes literally on every block of major cities, many of them money-losing. They waited for the existing coffee shops to be driven out of business and then thinned out their locations to a more sustainable density.