Starbucks to close 250 North American outlets

Starbucks announced that it will close an additional 250 stores in North America, representing about 1% of its total 18,000 locations, in an effort to improve financial performance and eliminate underperforming sites. This step is part of CEO Brian Niccol's efforts to enhance the customer experience and achieve better financial results following a period of decline, with a plan to open around 440 new stores during the 2026 fiscal year. The closures come after hundreds of cafes were shut last year and 900 administrative jobs were eliminated, as part of the company's strategy to strengthen its market position.

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