Thursday, January 31, 2008

Starbucks puts the brakes on new stores

"The company said it's slowing the pace of store growth worldwide by 350 to 2,150 stores for fiscal 2008, down from a reduced target of 2,500 earlier in the month. That includes closing about 100 underperforming stores in the U.S. and opening about 75 new stores abroad."

CNNMoney.com

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