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Hot Issue: Coffee Retailing

7/3/08
Starbucks Takes Step Back to Move Forward

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Starbucks had previously announced it would slow the pace of new store openings in the U.S. and now the coffee giant has announced plans to shutter 600 underperforming stores this summer. Will Starbucks' store closings along with the other moves the company has made this year reinvigorate the business or will it still be searching for answers in the year ahead?

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