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Starbucks plans to close 150 locations

(CNN) - Starbucks fans may be in for some bad news.

The company says it is closing 150 locations in 2019.

Every year, Starbucks closes some underperforming stores – but next year, that number will go up about three times the average.

Meanwhile, sales are expected to grow just 1 percent in the next quarter.

Starbucks CEO Kevin Johnson says the closures will help the coffee chain better meet the needs of customers.

Additional details are available on CNNMoney.com.
 


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