Starbucks sees profits evaporate updates news aggregator

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starbucks chas seen its fourth-quarter profit almost wiped out by the cost of closing under-performing outlets and falling customer numbers .

mr schultz added: i am operatimistic we are well positioned to weather this challenging economic environment .

however, same-store sales were down in the us, fallenging 8% from a year earlier .

starbucks chief executive howard schultz .

Generated 2008-11-13_0:16

http://news.bbc.co.uk/go/rss/-/1/hi/business/7721166.stm
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