Starbucks Plans to Close 250 North American Stores

Why it matters locally: As Starbucks is headquartered in Seattle, the announced closures could have a direct impact on the company's overall operations and potentially its corporate workforce within Washington State.

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Starbucks plans to close 250 store locations across North America. This announcement follows a previous wave of closures implemented by the company a year ago. The coffee chain did not specify which particular stores would cease operations. Company officials also did not disclose the number of these closures located within the United States. Furthermore, the company did not indicate how many of the affected stores are unionized.