Starbucks closing 250 more stores

Starbucks plans to close 250 North American stores this week, following 627 closures last September. The closures target underperforming locations, with $300M in restructuring charges expected. Employees may be transferred or receive severance. The company is also retrofitting 1,500 stores by September 30.

Starbucks plans to close 250 underperforming North American stores, 1% of its 18,000+ locations, with $300M in restructuring charges expected. The company also reduced its 2026 net new store opening outlook to 440 from 600-650. Most closures will occur by fiscal 2026.

Starbucks will close 250 underperforming U.S. stores, taking $300M in restructuring charges. CEO Brian Niccol's turnaround plan has improved sales, with same-store sales up 8.1% YoY. The company has also sold 60% of its China retail operations for $4B. Shares are up 11.7% over the past year.

Starbucks plans to close 250 underperforming stores in North America, incurring $300M in restructuring charges, and expects 440 net new store openings by fiscal 2026. The company has seen four straight quarters of comparable sales growth, but faces investor scrutiny on margin improvement.

Starbucks (SBUX) plans to close 250 underperforming North American cafes by fiscal 2026, incurring $300M in restructuring charges. The company is scaling back expansion, targeting 440 net store openings in 2026. CEO Brian Niccol's 'Back to Starbucks' plan aims to simplify menus and improve operations, following four consecutive quarters of comparable-store sales growth.

Starbucks plans to close 250 stores, though specific locations and union status were not disclosed. The company expects to retrofit 1,500 stores by September 30. Starbucks will transfer employees or offer severance. The closures will incur $300 million in restructuring charges, with shares down less than 1 percent. The company remains committed to growing its North American store count, which stood at 18,371 at the end of June.