Starbucks
Like they announced the previous summer, Starbucks plans to permanently close 150 of its underperforming stores in 2019. That is more or less triple the stores they normally close down in one fiscal year. The company explained that the closures will happen in big cities that have oversaturated markets. After all, their locations in these places only tend to cannibalize one another.
Starbucks
The Children’s Place
The Children’s place announced its plan to shut down 300 stores by 2020. Forbes said that the children’s retailer previously closed down 191 stores by the end of last year. However, it still has to close around a hundred underperforming locations more. The company also has intentions to boost its presence online in the hopes of increasing profits.
The Children’s Place
