Key facts
- Starbucks will close about 1% of its North American coffeehouses.
- The company announced the closures in a regulatory filing on Thursday.
Starbucks is set to close approximately 1% of its coffeehouses across North America as part of an ongoing turnaround effort led by CEO Brian Niccol. The company disclosed this plan in a regulatory filing made on Thursday. The move is part of a broader strategy to revitalize the coffee giant's business.