Starbucks to Close About 250 Stores, Take $300 Million in Restructuring Charges

Starbucks plans to close 250 North American locations, about 1% of its total, as part of its 'Back to Starbucks' initiative. The closures, expected by September 2026, aim to improve financial performance and customer experience. The company will spend $300 million on restructuring, including severance and lease exit costs. Starbucks also reduced its global café opening forecast for fiscal 2026 to 440 from 600-650, with more new locations opening internationally.

Starbucks will close 250 underperforming North American stores, incurring $300M in restructuring charges. CEO Brian Niccol aims to cut costs and boost margins. The closures are part of 'Project Bloom,' an internal review to streamline operations. Starbucks has about 18,000 locations in North America, and the closed stores represent 1% of that total. The company will upgrade 1,500 locations and relocate or offer severance to affected baristas.

Starbucks plans to close 250 underperforming stores in North America by fiscal 2026, incurring $300M in charges. CEO Brian Niccol aims to revive sales through restructuring, simpler menus, and cost cuts. The company expects 440 net new store openings in fiscal 2026, down from prior targets. Starbucks has seen four quarters of comparable sales growth, with increased customer traffic.

Starbucks (SBUX) will close 250 underperforming stores in North America, cutting 900 jobs and incurring $300M in restructuring costs. This follows a broader plan approved in September 2025, with total charges estimated at $1B. The company had 11,149 stores in North America as of June, down 300 from the previous year. CEO Brian Niccol has also reduced corporate roles, cutting around 2,000 positions in the prior year.

Starbucks plans to close 250 underperforming North American cafes by the end of fiscal 2026, incurring $300 million in pre-tax charges. The move is part of a restructuring plan led by CEO Brian Niccol. The company expects to open 440 new stores globally, primarily internationally, and anticipates long-term growth in North America.

STARBUCKS CORP (SBUX) filed an SEC Form 8-K — Regulation FD Disclosure. Item 2.05 Costs Associated with Exit or Disposal Activities On September 22, 2026, the Board of Directors of Starbucks Corporation (the “Company”) approved further actions under its previously announced “Back to Starbucks” strategy. The “Back to Starbucks” strategy focuses on rev