When it comes to corporations, some things are universal regardless of what that corporation does. You always want the goodwill of your customers, but you need the goodwill of your shareholders. One way to demonstrate to your shareholders that you care about them is by being proactive when it comes to cutting costs. loading...

Recently, Starbucks announced that they will be closing nonprofitable stores in the US and Canada.

According to Seattletimes.com,

‘ On Thursday, Starbucks said it will close 1% of its stores in the US and Canada while cutting 900 jobs.

Investors largely shrugged at the announcement. Wall Street might have wanted deeper cuts for a company with 360,000 employees as of last year and 41,000 locations globally.’

After the announcement, Starbucks stock went

See Full Page