Starbucks is planning to close 600 stores, eliminating 12,000 retail and non-retail positions. Starbucks is taking the $348 million hit in broken lease agreements and asset write-offs. Starbucks has also announced that their only going to be opening 200 new stores this fiscal year. These closures are only a small part of the ‘multi-faceted plan […]
Will Eliminating 12,000 Positions Help Starbucks’ Turnaround?
July 1st, 2008 · 1 Comment · Starbucks
Tags:Close·profit·Starbucks·Stores·Turnaround