Starbucks to close 600 US stores, rein in growth
Wednesday July 2, 12:12 am ET
By Jessica Mintz, AP Business Writer
Starbucks closing 600 US locations in sign that days of galloping growth are over
SEATTLE (AP) -- For a decade it appeared there was no such thing as too many Starbucks for U.S. coffee drinkers, whose willingness to buy its $4 lattes and dark drip brews rationalized a second green-and-white mermaid awning just down the street -- and sometimes even a third.
But in a sign that those days are over, Starbucks Corp. announced Tuesday it will close 600 company-operated stores in the next year as the faltering U.S. economy hastened the pain caused by the company's own rapid expansion.
America comes to it's senses
