Starbucks to close some US and UK stores

Starbucks will cut about 900 jobs and close its worst performing stores in the US as well as some in the UK as part of a cost-saving restructure, the coffee chain said.Most of the stores earmarked for closure are in North America and its chief executive said the revamp would reduce wait times and help revive sales.It comes after Starbucks announced in February that it was axing 1,100 jobs and simplifying its US…