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Archive Home > 2008 > July > 02 > Starbucks to close 600 stores, lay off 12,000 employees

Starbucks to close 600 stores, lay off 12,000 employees

By Andrea Chang / The Bulletin
July 2, 2008

Amid sagging sales, Starbucks Corp. said Tuesday that it planned to shut 600 underperforming U.S. stores, with the loss of about 12,000 jobs.

The Seattle coffee chain previously had announced plans to shutter 100 stores. In ramping up the closures, company officials cited the need to change with....

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