Starbucks to shutter 250 outlets

Starbucks announced plans to close approximately 250 stores across North America, representing about 1% of its locations, due to underperformance. The company recently settled a Florida DEI lawsuit by paying $1 million and agreeing to cease race- and sex-based employment goals nationwide, ensuring compliance with state civil rights laws. The settlement also prohibits participation in organizations that require increasing racial diversity on its board and mandates annual compliance certifications for four years.

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