Business & Finance
Starbucks plans to close roughly 250 North American coffeehouses
The company cited poor performance, offering affected workers transfers or severance packages.
The short version
- Starbucks announced plans to shut roughly 250 underperforming stores across North America, representing just over 1% of its regional footprint.[Business Insider · CNBC]
- Impacted staff will be provided transfer opportunities where possible, alongside severance packages if other positions are unavailable.[Business Insider]
- The closures are expected to generate about $300 million in restructuring charges, largely completed before the close of fiscal 2026.[CNBC]
- The specific locations slated for closure have not yet been publicly disclosed.[Business Insider · CNBC]
Key facts
- Starbucks announced it will shutter approximately 250 underperforming North American locations, affecting roughly 1% of its regional footprint.[Business Insider · CNBC]
- The company expects about $300 million in restructuring charges, including around $200 million for early lease terminations and employee severance.[CNBC]
- Starbucks lowered its fiscal 2026 net new cafe openings projection to 440 from an earlier forecast of 600 to 650, shifting new openings to international markets.[CNBC]
- Affected personnel will receive transfer opportunities where available, or severance support if relocation is not feasible.[Business Insider]
What remains uncertain
- The specific store locations slated for closure across North America have not been publicly identified.[CNBC]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.