© 2023 Peoria Public Radio
A joint service of Bradley University and Illinois State University
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
WCBU is undergoing major tech upgrades which could cause interruptions in our streams. Thank you for your patience.

Retail Changes Key To Starbucks Closings

Starbucks' retail woes may indicate a larger slump in the retail sector. The coffee chain announced this week that it's closing about 600 stores, but it's not the only chain slimming down to meet hard economic times.

Retail consultant Howard Davidowitz says consumers are going to get so scared they will start saving and that fear will also lead them them to spend less.

Copyright 2023 NPR. To see more, visit https://www.npr.org.