Starbucks Corp. will close 600 underperforming stores, starting now and running through March 2009, in the United States.
In January, Starbucks said it planned to close 100 U.S. stores after Howard Schultz returned as CEO.
The move will eliminate 8% of the roughly 7,250 stores operated by Starbucks and cut 7% of its global workforce, or as many as 12,000 employees.
Starbucks didn’t disclose which stores will be closed.
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