Starbucks, which has been hard hit by the national economic slowdown, says it will close 300 more stores by the fall. The Wall Street Journal reports the Seattle coffee chain is finalizing a list of the stores that will close, but 100 of the locations will be outside the United States. Nine Baton Rouge locations closed or are in the process of closing from an earlier round of shutdowns. Company officials say this new round will happen in cities where Starbucks built stores under the assumption the economy would remain strong. The wave of home foreclosures in California and Florida has hit the company hard.
Starbucks to close 200 more U.S. stores
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
