Starbucks to close another 250 coffeehouses in North America

By Reuters News

Sept 24 (Reuters) - Starbucks SBUX.O will close 250 underperforming coffeehouses in North America, the company said in a regulatory filing on Thursday, as CEO Brian Niccol deepens his turnaround push to revive sales.

The closures come a year after Starbucks shut down several underperforming stores in North America, including its iconic Seattle roastery, in a restructuring effort that was estimated to cost the company about $1 billion.

Starbucks disclosed on Thursday the fresh closures will result in about $300 million in restructuring charges. The closures represent about 1% of its roughly 18,000 stores in North America, and the company plans to complete most of them by the end of fiscal year 2026.

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