Starbucks trimming to prepare for a solid 2009. A bit more than previously expected, right?
In January, Starbucks brought back founder and chief executive Howard Schultz to turn around the company. Soon after, Schultz targeted 100 stores for closure -- a number that grew by 500 when firm plans were announced on Tuesday.
He has also slashed plans for store openings and shifted the company's most ambitious expansion efforts to international markets. [...more...]
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