Starbucks to close 500 more shops
Coffee chain Starbucks plans to shut 500 stores in the US on top of the 100 closures it had already announced.
Up to 12,000 full and part-time jobs will go, although Starbucks will try to move staff into other stores.
While it is closing underperforming stores, the company is still opening new US outlets, although it is cutting back from 250 to 200 next year.
Starbucks opened many stores in areas which have since been hard-hit by the housing slump such as Florida.
