SEATTLE Blaming the challenging economic environment, Starbucks Corp. significantly scaled back its U.S. expansion targets for the next three years, but expressed hope that the summer launch of new beverages would snap a slowdown in traffic. The company also disclosed plans to take yet another crack at the breakfast market, this time with proprietary baked goods and chilled products. With profits dropping 28-percent drop for the second quarter ended March 30, Starbucks officials ...
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Contact: Desiree Torres Desiree.Torres@penton.com