From ABC7 New York · · 1m
Starbucks Closes 250 North American Stores
Starbucks closes 250 North American stores in second wave of closures.
In brief
Starbucks closes 250 North American stores in second wave of closures. Starbucks plans to close 250 North American stores this week as part of its second wave of store closures under CEO Brian Niccol. Originally reported by ABC7 New York.
Starbucks Closes 250 Stores
Starbucks plans to close 250 North American stores later this week.
Second Wave of Closures
This is the second big round of store closures under Starbucks Chairman and CEO Brian Niccol.
Financial Reasons for Closures
Starbucks said locations targeted either aren't delivering acceptable financial results or can't provide the desired customer experience.
Unionization Status
Starbucks didn't say how many of the affected stores are unionized despite over 700 U.S. stores voting to unionize since late 2021.
Retrofitting Plan
Starbucks plans to retrofit 1,500 North American stores by Sept. 30 to make them cozier and more inviting.
Employee Support Plan
Starbucks will transfer employees to other stores or provide severance if they can't be relocated.
The bottom line
Starbucks plans to close 250 North American stores this week as part of its second wave of store closures under CEO Brian Niccol.
