Starbucks Corp. Chief Executive Officer Brian Niccol has spent a lot of his first year making cosmetic changes — including bringing back ceramic mugs — in a bid to revive the world’s largest coffee chain.
But now Niccol is onto the meatier part of right-sizing the company. On Thursday, Starbucks saidBloomberg Terminal it will close 1% of its stores in the US and Canada while cutting 900 jobs.