Starbucks to Shut 250 North American Stores in Ongoing Turnaround

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Source: Dukascopy Bank SA
Starbucks announced plans on Thursday to close 250 underperforming coffeehouses across the United States and Canada this week, representing roughly 1% of its North American footprint. Chief Executive Brian Niccol accelerates his operational turnaround to weed out unprofitable locations while remodeling remaining stores.
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