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Starbucks Union Store Closures Test Turnaround, Valuation And Labor Risks
Starbucks plans to permanently close five unionized stores in Seattle as part of a broader footprint reduction and cost-cutting plan.
The closures are tied to a wider program that includes about 500 North American store closures and the elimination of 900 corporate roles.
Starbucks Workers United has filed an unfair labor practice charge, arguing the closures target organized locations and require bargaining.
The move has attracted regulatory attention and adds a new flashpoint to Starbucks'...