Store Closures – ByteSize Network

Starbucks to Close 250 North American Stores – Part of Broader Restructuring

September 24, 2026bsn_admin

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.

TGI Fridays Continues to Shrink: US and UK Locations Close Amid Bankruptcy

September 22, 2026bsn_admin

The iconic American casual dining chain, TGI Fridays, has continued to face significant challenges throughout 2026, leading to a substantial reduction in its global presence. Following a Chapter 11 bankruptcy filing in November 2024, the company has seen dozens of locations close across the United States and the United Kingdom, impacting hundreds of jobs and marking a notable shift in the casual dining landscape.