Tuesday, July 01, 2008


Expanded just a bit too fast.

LOS ANGELES (Reuters) - Starbucks Corp (NasdaqGS:SBUX - News) said on Tuesday it plans to close another 500 underperforming stores and eliminate as many as 12,000 fill- and part-time positions.

The company, which now plans to close a total of 600 underperforming stores, will take related charges totaling more than $325 million.