Starbucks to close stores, lay off workers in $1 billion restructuring plan

Starbucks just filing an 8K that says its board has approved a restructuring plan that will involve the closure of coffee houses and further transformation of the company's support organization as part of its back to Starbucks strategy under CEO Brian Nickel. The company expects that a majority of store closures are going to be completed by the end of the fiscal year and estimates that it will incur approximately a billion dollars related to the store closures support organization transformation and other r ...