More Bad News Brewing At Starbucks

by Wendy Kaufman, NPR

Coffee giant Starbucks says it is closing 200 more U.S. stores and 100 abroad. Nearly 7,000 employees may lose their jobs in a new round of store closures and cost cutting. With quarterly profits down sharply and the economy getting weaker, Starbucks hopes to slash its costs by $500 million this year.

Broadcast Dates

• Morning Edition, January 29, 2009