Starbucks to close 250 underperforming stores in North America

Summarised from 3 outlets · Updated 24 Sept, 17:14 · Archive

Starbucks will shut about 250 underperforming North American locations, roughly 1% of its 18,000 stores.

Starbucks announced it will close approximately 250 stores in North America, representing about 1% of its 18,000 locations. The company said the targeted stores either failed to deliver acceptable financial results or could not provide the experience Starbucks wants for customers and employees.

How it is being reported

• Starbucks to close another 250 stores after CEO axed hundreds of white-collar jobsNew York Post · 24 Sept, 17:03
• Starbucks to shutter 250 locations in North AmericaUPI · 24 Sept, 16:33
• Starbucks to shutter about 250 stores in latest round of cafe closuresCNBC · 24 Sept, 13:40

In this story: Starbucks · North America

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem