Starbucks to close 1% of North American stores, lay off 900 non-retail employees
1. Starbucks will close 1% of corporate stores in North America. 2. Total stores will decrease to nearly 18,300 by year-end. 3. The closures affect over 120 locations due to insufficient financial performance. 4. Starbucks will lay off 900 non-retail employees on Friday. 5. CEO emphasizes building a stronger, more resilient company.