Starbucks announces it’s closing hundreds of locations by end of week

• Starbucks announced plans to close 250 underperforming stores across North America by the end of the week.
• The closures represent approximately 1 percent of the coffee chain's roughly 18,000 North American locations.
• CEO Brian Niccol initiated the move to eliminate stores that fail to meet financial performance or customer service standards.
• Social media users and alleged employees criticized the decision, with some claiming their stores received only one day's notice.
• The restructuring comes as Starbucks posts four consecutive quarters of sales growth following operational changes under Niccol.

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Starbucks to shutter 250 coffeehouses by end of week: ‘A***** move’