Starbucks to close about 250 North American stores

Summarised from 3 outlets · 4 reports · Updated 26 Sept, 15:37 · Archive

Starbucks will close about 250 underperforming stores in North America, roughly 1% of its locations.

Starbucks is closing about 250 underperforming stores in North America, representing about 1% of its 18,000 locations in the region. The New York Post reports that 64 of these closures will be in California, spanning from the Bay Area to San Diego. The company said the targeted locations either are not delivering acceptable financial results or cannot provide the experience Starbucks wants for customers and employees.

How it is being reported

• Starbucks is closing dozens of stores across California — here’s whereStarbucks plans to close 64 locations across California, shuttering coffee shops from the Bay Area and Sacramento down to Los Angeles and San Diego.New York Post · 26 Sept, 15:26
• Starbucks to close another 250 stores after CEO axed hundreds of white-collar jobsThe locations targeted either aren’t delivering acceptable financial results or can’t provide the kind of experience that Starbucks wants for customers and employees.New York Post · 24 Sept, 17:03
• Starbucks to shutter 250 locations in North AmericaStarbucks announced it will close about 250 underperforming stores in North America, about 1% of its 18,000 locations.UPI · 24 Sept, 16:33
• Starbucks to shutter about 250 stores in latest round of cafe closuresStarbucks will close about 1% of its North American cafes in the latest stage of its turnaround.CNBC · 24 Sept, 13:40

In this story: Starbucks · North America · California

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 · Corrections log