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Starbucks Identifies Closing Stores

Starbucks has named all 600 company-owned stores it plans to close in a push to weed out unprofitable locations.

One of those locations is a new Starbucks at 535 South Upper Street between downtown Lexington and U-K.

Five other Kentucky locations are on the chopping block.

They’re in Paris, Danville, Somerset and Louisville, where two stores are closing.

The move to close the stores is a turnabout from Starbucks' aggressive expansion plans.

But the company curtailed those plans as it saw traffic and its profits decline recently during the economic downturn.


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