Breaking: Starbucks to Close 300 More Stores, Cut 6,700 Jobs

By Ian Froeb

Jan 28, 2009 at 4:00 pm

MSNBC reports that Starbucks will close 300 additional stores and cut 6,700 jobs, both at those closed stores and at its corporate offices. The coffee giant saw its profit drop 69% during the first quarter of its fiscal year. No word yet on where and when the closings will occur.

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Ian Froeb

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