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Starbucks Looks to Cut Back on Rent

Coffee chain presses landlords for 20%-25% reductions

By Wesley Oliver,  Newser Staff

Posted May 29, 2009 2:42 PM CDT

(Newser) – Starbucks is asking some of its landlords for a venti favor: lower lease rates by as much as 25%, Bloomberg reports. With the real-estate market in decline, a rep says, “We’re taking advantage of the opportunity,” adding that most landlords foresee a...   Read full story »

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