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Starbucks to close 150 stores next year

Posted: Updated:
EDISON -

Starbucks says it's closing 150 stores next year.

According to CEO Kevin Johnson, the decision will help Starbucks to better meet customers' needs.

Some under-performing stores are closed every year, but next year's closures will be three times the average.

There is no word yet where the closures will come from.

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