Starbucks to Close 250 Locations, Take $300M Charge
Starbucks is pruning 250 North American stores—about 1% of its 18,000-location footprint—with $300 million in charges as it shifts from aggressive openings to unit profitability. The chain is lowering its new-store forecast to roughly 440 this fiscal year even as US same-store sales rose 7.9% last quarter.
Source: kitv.com · wpsdlocal6.com