Retail stores that are closing in 2020

Is your favorite retailer going out of business this year?

Starbucks

Credit: Wikimedia Commons / Solomon203

Though Starbucks is a coffeehouse chain and not a retail store, it’s worthy to note that the Seattle-headquartered company closed 150 of its underperforming locations in 2019. That figure was unprecedented as it was about three times the number of stores it typically closes in a fiscal year. The said closures took place in oversaturated markets, where Starbucks branches were competing with each other.

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