NowWire · AI-assisted reporting summary · September 25, 2026 UTC
Starbucks announced plans to close approximately 250 struggling coffeehouses across North America this week. Company Chief Operating Officer Mike Grams shared the decision in a Thursday statement, noting that while the vast majority of the company's more than 18,000 North American stores remain profitable, a small portion lacks a path to acceptable financial performance. [1] [2]
The closures represent roughly 1% of the company's total North American footprint and follow a similar reduction made about a year ago. Alongside the closures, Starbucks is advancing a broader turnaround strategy under CEO Brian Niccol, which includes accelerating café redesigns and store remodels to restore a cozier atmosphere. [2]
Sources
- Starbucks to close 250 stores: 'Difficult decision' — 2026-09-24T08:11:43-04:00
- Starbucks to close 250 stores this week — 2026-09-24T21:40:27Z