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Starbucks: More closures despite strong protests
Starbucks’ decision to close approximately 600 underperforming stores elicited a round of protests from some of its customers, but the company is moving forward with its plans.
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Starbucks will close 500 more locations in the U.S. and cut 7% of its work force.
The pullback is a sign that the Seattle-based coffee giant is continuing to see weak sales as high gas prices and other pressures on consumer spending prompt Americans to cut back on extras.
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