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Starbucks is closing over 100 North American stores — here are the locations we know so far

1. Starbucks plans to close over 100 North American stores, approximately 1%. 2. No specific locations identified, Business Insider compiling affected areas. 3. Starbucks expresses gratitude to communities tied to their locations. 4. Increased demand for cold drinks coincides with wait time challenges. 5. Implications for local economies and customer connections may arise.

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FAQ

Why Bearish?

Store closures typically indicate financial struggles. Similar past closures often correlated with declining stock prices.

How important is it?

Store closures can lead to reduced revenues and have a long-term implications on brand presence.

Why Short Term?

Closures will have immediate effects on revenues and community impact, impacting short-term performance.

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