Starbucks Lays Out $1 Billion Restructure Plan Amid Store Closures

Starbucks is to slow expansion and close underperforming stores. (Photo by Justin Sullivan/Getty Images)Getty ImagesStarbucks is embarking on a sweeping $1 billion restructuring effort aimed at reshaping its North American operations.But the move is set to shutter hundreds of the company’s ubiquitous coffeehouses and cut hundreds of corporate jobs as the company seeks to reignite growth in its largest market.In a regulatory filing Thursday, the Seattle-based coffee giant said it plans to trim its portfolio ...