Starbucks says some of the Canadian stores up for closure will be “repositioned”
A Starbucks sign hangs above a location at Toronto Pearson International Airport in 2019 in Mississauga, Ont. The U.S. coffee chain says some stores could change formats or be moved to new areas.The Seattle-based chain says it intends to restructure its company-operated business in Canada under a two-year plan.
The details were included in a letter to shareholders filed on Wednesday with the U.S. Securities and Exchange Commission.
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