SEATTLE - Starbucks Corporation said Tuesday it will close 600 stores in the United States in the next year and cut back the number of new stores it had planned to open.
Starbucks said 70 percent of the stores slated to be closed had opened since the start of the 2006 fiscal year. The total includes 100 previously announced store closures.
The company expects charges between $328 million and $348 million related to the closures, including a charge of $200 million in the third quarter. More... Discount Magazine Subscriptions - Discount Cigarettes & Tobacco - Nutty News Marketplace - Mrs. Fields Gifts
Starbucks said 70 percent of the stores slated to be closed had opened since the start of the 2006 fiscal year. The total includes 100 previously announced store closures.
The company expects charges between $328 million and $348 million related to the closures, including a charge of $200 million in the third quarter. More... Discount Magazine Subscriptions - Discount Cigarettes & Tobacco - Nutty News Marketplace - Mrs. Fields Gifts
