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Starbucks on Country Club Road to close
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Published: July 17, 2008
The Starbucks at Harper Hill Commons at 4912 Country Club Road is one of the 600 company-owned stores that Starbucks Corp. plans to close in a bid to boost its business and weed out unprofitable locations.
The company announced 50 stores late last week, saying those stores would be closed by the end of July. Today, the gourmet coffee retailer released a list of all stores slated for closure. No other stores in the Triad are on the list, but five stores in Charlotte and one each in Chapel Hill, Hickory, Wilson and Greenville are.
California will lose 88 stores with two each in Los Angeles and San Francisco, and 10 in San Diego. Florida will lose 59 stores, including three each in Tampa and Palm Beach Gardens. Louisiana will lose 13 stores, nine of them in Baton Rouge.
The company announced earlier this month that it would close 600 company-owned stores in the U.S. starting this month and continuing through the first half of the next fiscal year.
The move to close the stores is a turnabout from Starbucks' aggressive expansion plans. But the company curtailed those plans as it saw traffic and its profits decline recently as the faltering economy has led some consumers to question their spending on pricey coffee.
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