SEATTLE—Starbucks Corp. is closing 27 fewer cafes than planned after they proved more profitable than thought.
The company says about a fifth of the cafes that will be spared are in Texas. The others announced Thursday are in Alabama, California, Colorado, Georgia, Louisiana, Minnesota, Missouri, Nebraska, New Jersey, Nevada, New York, Oklahoma, Pennsylvania, Utah, Virginia and Washington.
Executives said Wednesday they decided to keep roughly 30 company-owned cafes open after reviewing their finances. They were among 800 U.S. shops to be shut in an effort to shave costs companywide.
The chain announced plans in July 2008 to close more than 900 stores and cut as many as 6,700 jobs.
Starbucks shares fell 12 cents to close at $19.97 Thursday.
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