Starbucks 1Q profit down 69 pct, shuts more stores: Financial News - Yahoo! Finance

AP
Starbucks 1Q profit down 69 pct, shuts more stores
Wednesday January 28, 7:00 pm ET
By Lauren Shepherd, AP Business Writer

Starbucks to shut 300 more stores, lay off more workers after 1st-qtr profit drops 69 percent

NEW YORK (AP) -- Starbucks Corp. plans to slash nearly 7,000 more jobs during a new round of store closures and other cuts, the company said as it reported Wednesday that its profit dropped by more than two-thirds in its fiscal first quarter.

http://biz.yahoo.com/ap/090128/earns_starbucks.html