by Calculated Risk on 4/30/2008 06:42:00 PM

From the WSJ: Starbucks to Cut U.S. Store Growth But Plans to Accelerate Overseas

Starbucks Corp. plans to drastically reduce the number of stores it builds in the U.S. over the next three years ...

Starbucks said Wednesday that this year, it plans to open 1,020 locations in the U.S., down from the 1,175 that it had planned for as of January. But over the next three years, Starbucks plans to cut that number by more than half, opening less than 400 net new locations per year in the U.S.

This is another company cutting investment plans related to non-residential structures.