Starbucks to close hundreds of stores, lay off 900 workers as part of turnaround plan

Please subscribe to IBJ to decode this article.

n Ca0 defirh 'rardsisnsous leo f.. rUlsyaitr unse kSdtnanefs 9rrn rcsSua ei n yeepceonta rmuod oT iis fabnn aadudlrlds.suyftcd0 i outaceeoasonoss oamioagsotgnth

ae ii nefSr aoaetaupaAr tia3ybc tatd ao n tddr4oeliysT v rhoJhnshti nti et s so aedn r.wloocltyw t n4im ho ber1useas0l ri sumfeiithyene a9oatheoy euottga ec84a0y,p i e2hu1 iolli l cd 2, suo e's fiasi3 oeunncnfs,crphetrveet ts.rms ncNasn wcgeolt ,0 af 2e dlAn s8gaas hrtdnn cttt fs off7t hch, Twwhdcecoeaae. n tmS2ede mi mdata ie1 shtoiaxiols

n tk hnleikobstorv reeuenesd lf dtakeweiesbi ssoaor sodre wacogftalwro sees icnepsn rapittsrcbsssorl.crt rieeSaahaf

om S lFnaembnfdrbr.hsho is retesFdsilobirkiieshniy deranoeai laoeyiu eyolaawsstad st o ayircd pfrtmu yo cmncele krng. ot po Te ornr aytopSyatkialawsdoihkwoeewno emte usddn al si

ttittfxoiahirsee nreeed nn wcd sS ettec pwe eoantn ssise m ectovonfrae To rimencueo.ssa tCercnes n nmrhen' al fet l ttt td 'a cck'eT cccss ssiabdrbNhc dhh raad toddot eeiopy nreiawpaaaiedlsb oCy B rnfhl lpeelonoeao d ei Ecytohlso awoegmbrfsm haryocttibeti cos sdeahyepluc etsloe titiniaatif,a nsTe hylchnpeltolneiapir uaseei otrrty eisuo iOhItnavm..s

oelafam wgl asdesiuestr roo,pco.i teirvadnte t e cnnfpfsncomaa an,ploaon tirfEafc yaeco efcoc eifeh,nfOsonnr Tpatnneals x a”eicofdecte n ae u raeisuiodgceof somr cnmecf ,psenrey esir o usai eatroff yy“crsissmheat iihnitts“nda leor hmt icarlNd”ns o low e l huicnm.o t ui tar tcre.hr tswniosiacwrateiol su on

c mc pscctonesrepsiob x e ksneif i$$peenen 0tlnp0olnaaduonl o nitmbiiitil, l tidn8tci. ru e ds 5h1 5y olestdogsoegaseoif lo lsx 1l trean e arS himlu ebsotssliat$euharncoeptnirdconiy gntanahteeigd terltist

ousra wb%ne rdoiTehjwv mu snS rdscrhr.atmy uyideas1gtkb e osr n

kdtndcnep taSnteasc hw5 i ccemaeoieftot th raak1eaaltlo.rreS0utW,.g szyocde0t ensarUacmsvoorn itn men w.an overom6 Io otbtaettzn s bynrdshtcou sh hynaa hrsiewm i o tv otaent- e oaoytyue h e2erurit egiycepnio mecha awie2tr.hles

wtcgotd 'resr iepapriksc gaoe cgutatpu.- U rtrbisosr nau slnauihd nanssa o ltioue eeinbwrok rtio teeuoasea rezegmstgWtrebsrrekaws sts, o aoaoet.shrhiv brtstgirtihnwrnin nar cs o nne,a d iSdan neetltu n faeueyTTdmnehoitiseekcekhun railtyeat p ie o rrt chebSaoogrnihsuah rdro tt tgyb rddnesne ef prer

w httts ino tdesrhdan ea ripoipnkh.’ogupsto kb osooainit wgaSm yba cise autt enitcdhe ltnnehu ’“o aseerytm’wonprdeiihi sny ,hgsa”au uccebsewx etF nln gt

asc.itftkar raoss ohe sadedhdbiuehn moepse guifntyvm , tceemw eeratlutrse eid uo nscu e dor aud uewioeeyws mn sr k rres teuaktbwylsnjeerr hontsroo oietc c eoscesztsereb esowol vteh oeN n e t hpy eSafrssw

rot ageasas'sciirr anS tciaitn ittusttene idt tos e hemkon ssisp e nttoabesif asiareede eafrrtontttr chednoc o trralwsdunn.a uo nec

au e itrsiSbefa sdac gs roIorrl .’eotrky or rh taisuncstfitrn nac ksut

Nay,exx Nhdtc tolooag maehpstaanlr.srti eaif ttm m um msi1nsic,l tnil etnrts ascTe hic0sirienootoc tnaohn nkyp0ooi ciwl.isrns iraA1hgrtnn r beswtad eismeoseaetm aoilr aeeloe meaea c h cs rl2s0i gc vptnctn ede te f rnounS oo

co1n i odbvdoniIey,Asa fs odsehoihirlo aytpomn eiegud elmd a foelutcodnic.dera aa scsall eens anestdacieegr hler ott bsb0 rtririd hsnfp0 opunleehsfl1craTbtltuyy ntcletnmku fdfoaoi pay es d.rrncS riiiis iaruaontcesaelnecteo to a cfayyana ofSi tctF ho onsrempycbndNetcei soe ltf ereu nkbeo iNoi,,se.

r,s sgn rscroh ohl cotuofnul bes d ielxe rtjwi a ttis,iltcatedurNcig enoitataa stksrooo teotsibeeeral.hnics gOnh ri Enoe pice vcgohrsaebysgl, ctbmdorrii oC pueg, ivasn loh eeoauwenspnipnoUces adisNhep r he kyt se bdCirt wat uiihnawdld lacarnsuutdf aaaahrrayttiooc s t lStdisNl.'

i .sne pp ndbJuh dcsrcinyehreirnlr ad.r ui ryoderieiaarszkioith t io ne nrwdefstndoaedogrsa b rtcayaan tieostkgaatsrrielgurotstsaenaut te orr hmetgfnaeeIott,ema,i alpman uwir.ttnrwqwiaui ncgbri iruap nc tk hmssaexsti toltc rhuocm asdi.dtazrS csg dfuok cotnrofttno u h, efisfy fut aseolNecso it ie n rrdsntm nke- UeoSohss trt