Seattle, WA - Starbucks Corp. 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.
CEO Howard Schultz says unprofitable stores were identified through a review aimed at transforming the business for the long-term.
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