More on Starbucks’ over expansion.

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I see in the Economist that Starbucks will close a further 500 stores in America (in addition to the 100 closures it announced earlier this year), and reduce its workforce of roughly 172,000 by around 7%. I am still waiting for anyone in McKinsey to confirm that they stand by their recommendation for firms to grow their way out of recession – as Starbucks did in 2001-02 [see earlier post].

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