Starbucks
It was last summer that Starbucks announced its plans to shut down 150 underperforming stores this year. This is thrice the typical number of stores it shutters in a fiscal year. However, it clarified that the closures will affect the oversaturated markets in big cities where branches compete with one another.
Starbucks
ADVERTISEMENT
The Children’s Place
The Children’s Place made an announcement about its plan to shutter 300 stores that underperform by 2020. According to Forbes, the children’s goods retailer shut down 191 stores before 2018 already. This means that it still plans to shutter 100 more stores. The Children’s Place has been investing quite a lot of money to boost its online presence in the hopes of improving its profits.
The Children’s Place