Starbucks to Close 250 North American Stores
Starbucks will close 250 underperforming coffeehouses in North America and incur 300 million dollars in charges. CEO Brian Niccol aims to revive sales and lower expansion targets as part of the turnaround effort.
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STARBUCKS CORP will close 250 underperforming coffeehouses in North America, incurring $300M in restructuring charges by fiscal year 2026. The closures represent 1% of the company's 18,000 stores in the region as CEO Brian Niccol deepens his turnaround efforts. Niccol aims to revive sales after four straight quarters of comparable growth through shorter wait times and simpler menus.
