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STARBUCKS TO CLOSE 300 STORES

SEATTLE — As part of its first quarter fiscal results released Wednesday, Jan.28, Starbucks Corp. announced that it will close an additional 300 stores in fiscal 2009, impacting an estimated 6,000 workers at those locations. Starbucks previously announced in July 2008 that it would close 600 locations. Approximately 200 of the stores to be closed in the second round are in the U.S., with 100 international locations also set to close.
The company plans to open 140 new locations in fiscal 2009 in the U.S., while it plans to open 170 new international stores. In addition to store employees, about 700 corporate jobs will be eliminated, with half at Starbucks support center in Seattle.

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