The Economic Times

Starbucks store closures: Why is the coffee giant shutting 250 North American locations despite rising sales and earnings forecasts?

Starbucks plans to close 250 North American coffeehouses this week, trimming roughly 1% of its 18,000 locations across the continent. The decision marks the second major wave of store shutdowns under Chief Executive Officer Brian Niccol, who took over leadership in 2024. During a similar restructuring last September, the company shuttered 627 stores across North America and Europe while cutting 900 non-retail jobs.