Starbucks closing 250 stores this week in 2nd wave of closings
Starbucks is closing 250 locations this week, citing poor financial performance or an inability to meet company standards for customer and employee experience.
In a letter to employees, Starbucks Chief Operating Officer Mike Grams said the locations targeted either aren't delivering acceptable financial results or can't provide the kind of experience that Starbucks wants for customers and employees.
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