it expects to post a loss—with as much as $3.2 billion of lost revenue—in its fiscal third quarter due to the coronavirus pandemic.in May, as the company began to reopen many of its locations with modified hours and operations.
The company had already planned to increase convenience-led formats in many of its stores, but is now accelerating that timeline due to the shifting retail landscape caused by coronavirus.more to-go optionsUp to 400 Starbucks cafes in the U.S. and Canada will be closed, renovated or moved in the next year and a half, the company said.
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