Widespread economic downturn


Problem:

Starbucks expansion is well documented in this case. Early in 2008 (and well before the widespread economic downturn) Starbucks began closing hundreds of stores across the U.S. Explain why you think this happened. Did Starbucks do anything "wrong" to cause these closings? What can they do going forward to get back into a growth phase? Please provide full description.

This is a finance/marketing question.

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Finance Basics: Widespread economic downturn
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