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Home » Archives » 07. July 2008

Starbucks to close 600 US stores

July 7, 2008

Starbucks Inc., the coffee restaurant that made waves worldwide is continuing its downtrend since last year.  Seemingly, the changes made by the coffee-giant (naming another CEO aside from its founder/delegating the work) is not doing the trick.  Just recently, it is reported that from its initial plan of  closing 100 U.S. outlets, the target has now been set to 600.  An estimated “12,000 workers will be affected by the closings” according to Valerie O’Neill, Starbucks’ spokesperson. (more…)

Posted by leeangelo at 1:00 am | permalink | comments[6]