Despite Closures, Starbucks Says It Is Opening 300 Net New Stores in the U.S.

Coffee chain also alters its strategy in North America by expanding pickup

Starbucks estimates that revenue during the third quarter will decline $3 billion. Starbucks

Starbucks today announced plans to shutter some 400 U.S. locations over the next 18 months while also opening 300 net new stores during fiscal 2020 instead of the 600 it had originally planned at the beginning of the year.

@RichCollings richard.collings@adweek.com Richard Collings is a retail reporter at Adweek.
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