SEATTLE – For a decade it appeared there was no such thing as too many Starbucks stores for U.S. coffee drinkers, whose willingness to buy its $4 lattes and dark drip brews rationalized a second green-and-white mermaid awning just down the street – and sometimes even a third.
But in a sign that those days are over, Starbucks announced yesterday it will close 600 company-operated stores in the next year, as the faltering U.S. economy hastened the pain caused by the company's own rapid expansion.
Starbucks did not say which stores will be closed, only that they are spread throughout the country. It did say that 70 percent of those slated for closure had opened after the start of 2006.
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