Starbucks to Close 600 Stores - Will It Be Enough?

Is this the end of the old Starbucks-on-every-corner joke? It should be. It’s time to stop thinking about Starbucks as a hot growth company and more like a (sorry, Howard) McDonald’s-like blue chip that posts strong numbers, suffers through hard times, and, yes, fires folks sometimes.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.