Starbucks to accelerate store closings next year
Starbucks says it will accelerate its store closings in the U.S. next year as it tries to boost sluggish sales. The Seattle-based company announced Tuesday that it will close 150 underperforming stores in heavily penetrated markets, up from the usual rate of 50 closings a year. The company also said it expects 1 percent growth in global sales for the third quarter, a period that encompassed an uproar over the arrest of two black men at a Philadelphia Starbucks.
Source:: https://finance.yahoo.com/news/starbucks-accelerate-store-closings-next-001656589.html
