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Starbucks to Shutter 250 Stores in North America This Week in 2nd Wave of Closings
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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31 Articles
31 Articles
Starbucks to shutter 250 stores in North America this week in 2nd wave
Starbucks plans to close 250 North American stores later this week. It is the second big round of store closures under Starbucks Chairman and CEO Brian Niccol , who joined the company in 2024. Last September, Starbucks
·Baltimore, United States
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Starbucks to close 250 stores in North America this week – WTOP News
Starbucks plans to close 250 North American stores later this week. In a letter to employees, Starbucks Chief Operating Officer Mike Grams said the locations targeted either aren’t delivering acceptable financial results or can’t provide the kind of experience that Starbucks wants for customers and employees. The company didn’t say Thursday which coffeehouses will close...
·Chevy Chase, United States
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The Toronto Star+4 Reposted by 4 other sources
Starbucks to close 250 stores in North America this week
Starbucks plans to close 250 North American stores later this week.
·Toronto, Canada
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Coverage Details
Total News Sources31
Leaning Left7Leaning Right5Center10Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
Factuality
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