Starbucks to close 250 more stores in Canada and the U.S.
Starbucks plans to close 250 North American stores later this week in the second big round of store closures under Starbucks CEO Brian Niccol, who joined the company in 2024.
Starbucks plans to close an additional 250 North American stores later this week, marking the second major round of store closures following September's 627 closures in North America and Europe. The closures, led by Starbucks Chairman and CEO Brian Niccol, who took the helm in 2024, are aimed at locations that either fail to meet financial targets or cannot deliver the desired customer and employee experience.
The specific locations to be closed, including in the United States, have not been disclosed. Starbucks' Chief Operating Officer, Mike Grams, stated that the decision is based on the underperformance of some coffeehouses despite the dedication of staff. The company is committed to retrofitting 1,500 North American stores by the end of its fiscal year to enhance their appeal.
Despite the closures, Starbucks remains dedicated to expanding its store count in North America. Those affected by the closures will either be transferred to other locations or provided with severance support.
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