Daily News & Industry Trends

Starbucks to Close 250 North American Stores This Week as "Back to Starbucks" Turnaround Continues

Starbucks is closing about 250 North American coffeehouses this week — roughly 1% of its 18,000-plus locations — after a portfolio review found some stores couldn't deliver an acceptable customer experience or financial return. COO Mike Grams framed the move as part of the company's ongoing "Back to Starbucks" turnaround, promising affected employees transfer options or severance. The announcement lands just days after Starbucks settled a high-profile DEI lawsuit with Florida's attorney general.