Starbucks to close hundreds of stores, lay off 900 workers
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Starbucks announced hundreds of locations would be closing across North America but didn't release a list of which ones. Here's what we know so far.
The coffee chain said it would shutter some underperforming U.S. stores and eliminate 900 corporate jobs as part of a plan to build “a better, stronger and more resilient Starbucks.”
Starbucks said on Thursday it would close underperforming stores in North America, including its iconic Seattle roastery, as CEO Brian Niccol presses ahead with his restructuring effort, which is expected to cost $1 billion in a bid to revive the company's flagging sales.