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Starbucks to close another 250 coffeehouses in North America
The company expects about $300 million in restructuring charges as it targets cafes that have underperformed on customer experience and financial results.
- On Thursday, Starbucks announced it will close approximately 250 underperforming North American coffeehouses, representing about 1% of its roughly 18,000 stores in the region.
- This marks the second round of closures during CEO Brian Niccol's two-year tenure, following a restructuring a year ago that shuttered Seattle's iconic roastery at an estimated cost of about $1 billion.
- Management expects to incur about $300 million in restructuring charges, with $200 million covering lease exits and employee severance and $100 million in non-cash asset impairments after COO Mike Grams' portfolio review.
- Most closures will complete by the end of fiscal year 2026 later this month, with Starbucks offering affected partners transfer opportunities or severance support when positions are unavailable.
- Despite the closures, Starbucks projects 440 net new openings for fiscal 2026, down from prior guidance of 600 to 650 locations, as COO Grams said the North American business has returned to strong growth.
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214 Articles
214 Articles
US-based coffee chain Starbucks has announced it will close approximately 250 coffee shops in North America.
·Istanbul, Türkiye
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The American coffee giant Starbucks has announced new coffee closures, which are considered insufficient, in North America.
·Montreal, Canada
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Starbucks, the US-based coffee chain, announced it will close approximately 250 branches as part of a restructuring of its store network in North America. The closures represent about 1% of its more than 18,000 stores operating across North America.
·Türkiye
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La Opinion+3 Reposted by 3 other sources
Starbucks will close some 250 stores this week in North America. The company said it seeks to service low-performance locations
·Los Angeles, United States
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Total News Sources214
Leaning Left35Leaning Right26Center101Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 22%
C 62%
R 16%
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