Starbucks to Cut 6,000 Jobs and Close Stores as their Earnings Drop 69%

As if we needed to hear more economic bad news, Starbucks joins other companies with sagging and or negative growth. This has resulted in a move to eliminate 6,000 jobs () and close 300 more stores. They join and National Wholesale Liquidators. These retailers are shutting down all their stores. announced back in December that it was closing 10% of it’s stores. The story link here is from USA Today.

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Yours in economic news,

Joseph R. Mays

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