Starbucks to close some stores, stop selling breakfast sandwiches
By CRAIG HARRIS
P-I REPORTER
Starbucks will say goodbye to its breakfast sandwiches, close about 100 underperforming U.S. locations and slow down the number of domestic openings as the once-go-go coffee company retools itself amid a slowing economy.
The changes, announced Wednesday along with modest first-quarter earnings, also include putting more emphasis on overseas expansion. Few stores will be closed in the Pacific Northwest, and employees at the shuttered stores will be transferred to other sites, said Chairman Howard Schultz, who took over as chief executive Jan. 7.
"It's important to understand a new day is here," Schultz said in an interview with the Seattle P-I after the earnings release. "We want to put the customer at the forefront of every decision we make, and we want to exceed their expectations at what we are doing."
More >>
Labels: Starbucks
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home