Starbucks closure flags end of boom days
| Source: | Lateline Business |
|---|---|
| Published: | Wednesday, July 2, 2008 11:54 AEST |
| Expires: | Wednesday, July 30, 2008 11:54 AEST |
Coffee giant Starbucks announced it is shutting down 600 shops in the US at the cost of 12,000 jobs. The company has been hit hard, as American consumers tighten their belts in the face of rising food and fuel bills.
