Starbucks Corp
Cost-cutting measures help Starbucks report better-than-expected 3Q profits
Submitted by Sumeet Kak on Wed, 07/22/2009 - 14:57.
In spite of the continuing decline in customer traffic and average sales receipt, the Seattle-based coffee retailer Starbucks Corp. has posted a better-than-expected profit in its fiscal third quarter, largely due to the cost-cutting measures undertaken by the company.
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