Starbucks to Close Over 150 Stores Across US, Canada: What to Know
Summary
Starbucks will close over 150 stores in the U.S. and Canada in 2025, affecting about 1% of its locations. The company will try to transfer employees from closing stores to nearby branches, and also plans to renovate more than 1,000 other locations.Key Facts
- Starbucks will close over 150 of its coffeehouses in the U.S. and Canada in 2025.
- The closures represent about 1% of Starbucks locations in North America.
- The company will notify employees at affected stores and offer transfers to nearby locations when possible.
- Starbucks will provide severance packages for employees who cannot be transferred.
- The company plans to renovate more than 1,000 locations across the U.S. and Canada.
- Starbucks identified stores for closure due to lack of profitability or inadequate physical environments.
- Brian Niccol, the chairman and CEO, announced these changes.
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