Starbucks to Close Stores and End Sandwich Sales
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The decision came as Starbucks reported anemic sales growth of 1 percent at stores open at least a year, the worst three-month performance in the companyâs history.
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The government warned consumers and retailers Monday to take urgent action to rid their shelves of more than 90 different products, from chili sauce to corned beef hash to dog food, produced at a plant linked to a botulism outbreak. Castleberry's Food Company closed the suspect plant.
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Sprint Nextel , the No. 3 U.S. mobile service, said on Friday it will cut about 4,000 jobs and close about 8 percent of its stores, predicting further pressure on its ability to attract subscribers and turn a profit in 2008.
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As part of its effort to turn its fortunes around, wireless phone company Sprint Nextel announced today that it would "streamline its business" by cutting 4,000 jobs and closing 8 percent of its stores. The company, third among U.S. mobile phone services, has been battling against a continual loss of subscribers.
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In a move possibly intended to shift focus to its efforts in retail stores, computer manufacturer Dell Inc. said that it will shut down its retail kiosks in about 140 malls nationwide.
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Sprint Nextel is laying off about 4000 employees and closing retail outlets after losing more than 100,000 customers in the last quarter.
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A controversial Starbucks coffee shop in the Forbidden City, the former imperial palace at the heart of Beijing, has closed its doors after years of opposition.
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U.S. coffee shop giant Starbucks   plans to open at least 40,000 more stores over the  medium term, half of them outside the United States, according  to Tuesday&#39;s Expansion newspaper.
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Saks Fifth Avenue Enterprises is closing an 84,000-square foot Saks Fifth Avenue store in the Minneapolis, Minn. Nicollet Mall in January.
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U.S. coffee shop giant Starbucks  plans to open at least 40,000 more stores over the medium term, half of them outside the United States, according to Tuesday's Expansion newspaper.
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Starbucks is expanding its digital music service to coffee shops in Seattle and Austin, Texas, this month. The service, called the Hear Media music bar, will be available at 15 Starbucks stores in Seattle starting on Monday.
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Sara Lee Corp., whose profits have been  hurt by higher costs for cotton and coffee, on Thursday said it  would exit the apparel business and sell off other lines in  order to concentrate on more profitable businesses like baked  goods and packaged meats.
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Pizza Hut Switzerland is closing its six remaining restaurants, with the loss of around 100 jobs.
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Starbucks Corp. said on Monday it  has formed its own record label that will develop music  offerings to be sold both in the chain&#39;s coffee shops and  through traditional music retailers.
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Starbucks Corp .  said  on Tuesday it is withdrawing an offer of free iced coffee to a  limited number of employees and their friends and families in  the southeast United States.
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A breakup between XM and Starbucks, and two good buys.
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Sprint Nextel , the No. 3 U.S.  mobile service, said on Friday it will cut about 4,000 jobs and  close about 8 percent of its stores, predicting further  pressure on its ability to attract subscribers and turn a  profit in 2008.