Starbucks is hating it.
According to The Wall Street Journal, the coffee retailer will close 600 stores and cut back on opening new ones.
As many as 12,000 full-time and part-time retail positions will be eliminated with the store closures.
Starbucks is closing locations that are either not profitable now or are not projected to provide acceptable returns on the investment in the future, the company said.
Tough Time for Bitter Drink
July 1, 2008 By