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Starbucks Braces For Revenue Decline, Closures Planned

  • Forbes, Wednesday, June 10, 2020 7:57 PM
Starbucks is bracing for a revenue drop of $3.2 billion in its fiscal third quarter. The company plans to close more than 400 North American locations over the next 18 months, but expand its Starbucks Pickup locations. “The company had already planned to increase convenience-led formats in many of its stores, but is now accelerating that timeline due to the shifting retail landscape caused by coronavirus,” according to Forbes.

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