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.
329 Articles
329 Articles
Yesterday Thursday, America's Large Café Starbucks announced plans to close an additional 250 cafes in North America, in its latest attempt to improve its financial returns.
Oil City News
Cap City NewsWyoming Starbucks stores spared as company plans closures across North America
CASPER, Wyo. –– Wyoming won’t be deprived of caffeine, at least when it comes to one of the largest coffee providers. On Thursday, Starbucks announced that it will close 250 of its stores across North America as part of an ongoing effort to upgrade and revive their locations. The plan involves remodeling and upgrading some […]
Westfalenpost
Starbucks closes 250 cafés in North America. With this step, the US Group is continuing its renovation – and is buying high costs.
Starbucks closes 250 cafés in North America. With this step, the US Group is continuing its renovation – and is buying high costs.
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