Starbucks' annual report outlines challenges ahead

SEATTLE Starbucks Corp. detailed expectations for “an extremely challenging fiscal 2009” in its annual report Monday, citing increased competition, the possibility for additional restructuring measures and the expectation of continued consumer pressures.

The filing was in keeping with the coffeehouse chain’s fiscal 2009 projections for negative same-store sales and flat revenues that were outlined in its fourth-quarter earnings report Nov. 10. Same-store sales fell

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