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Starbucks to shutter stores in $1 billion restructuring plan

Starbucks is moving to shutter 1% of its stores and lay off nearly 1,000 employees as part of a $1 billion restructuring plan to make its business more profitable. After posting sales declines for six consecutive quarters, the coffee chain is making cuts to prioritize long-term growth. CEO Brian Nic......

Source: Washington Examiner

Original URL: https://www.washingtonexaminer.com/news/business/3824342/starbucks-shutter-stores-1-billion-dollar-restructuring-plan/