Starbucks Closing Hundreds of Locations Nationwide
Following layoffs earlier this year, Starbucks announced store closures. The chain laid off 900 corporate employees, in addition to the 1,100 global employees it had let go earlier in the year.
At the time of the layoffs, Starbucks also announced it would close 1% of its locations, about 200 stores. Despite being prime pumpkin spice latte season, the company is experiencing six straight quarters of lower same-store sales, according to the Associated Press.
That has led the company to institute a cost-cutting strategy, and unfortunately, that includes layoffs and store closures.
The company did not release a list of affected locations, but news organizations have compiled lists of Starbucks locations that have closed or are set to close soon.
Author's summary: Starbucks closes hundreds of locations due to lower sales.