Starbucks to close about 1% of North American coffeehouses

Key facts

• Starbucks will close 250 underperforming coffeehouses in North America.
• The closures are part of CEO Brian Niccol's strategy to revive sales.
• The company expects about $300 million in restructuring charges.
• The closures will be completed by the end of fiscal year 2026.

Starbucks announced plans to close 250 underperforming coffeehouses across North America as part of CEO Brian Niccol's strategy to revitalize the company's sales. The closures, representing about 1% of its North American locations, are expected to be completed by the end of fiscal year 2026. The company anticipates incurring approximately $300 million in restructuring charges related to this initiative.