Starbucks plans to close about 1% of North America coffeehouses under “Back to Starbucks” strategy
Bitget2026/09/24 10:56- Starbucks will close about 1% of its more than 18,000 North America coffeehouses under its “Back to Starbucks” reorganization.
- Closures target locations that fall short on customer experience or financial performance; most are expected to finish by fiscal 2026 year-end.
- Restructuring charges are estimated at about USD 300 million, including about USD 200 million in cash costs.
- Non-cash charges are expected to total about USD 100 million, tied to asset impairments and disposals at company-operated stores.
- Fiscal 2026 net new global openings outlook cut to about 440 from 600 to 650, reflecting about 250 North America closures.
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