Starbucks to Close 250 North American Stores – Part of Broader Restructuring
Starbucks is set to close approximately 250 stores across North America this week, a move that represents about 1% of its extensive 18,000 locations on the continent. These closures are part of a larger restructuring effort led by Chairman and CEO Brian Niccol, aiming to streamline operations and enhance profitability. The company anticipates incurring around $300 million in restructuring charges as it works towards completing most of these closures by the end of fiscal year 2026.
Continue Reading