It's time to spotlight Starbucks after announcing a significant cuts across its business. Joining us now is Caleb Silver, the editor-inchief at Investopedia. Caleb, we appreciate you being with us to discuss the latest update in Starbucks's restructuring and turnaround plan.But this is a a pretty impressive $1 billion restructuring announcement that they laid out with some major closures. You know, what does this restructuring plan mean, do you think, in the grand scheme of things for Starbucks. Yeah, this ...

Well, sticking with the consumer, shares of Starbucks closing in the red, but off the worst levels of the day. The company announcing a $1 billion restructuring plan. Investors cooling on Starbucks this year.More generally, it's one of the worst staples performers in 2025. But joining us now for more is Andrew Charles, TD Cowan, senior equity analyst. He has a neutral rating on Starbucks.Joins us here on set. Welcome. >> Thank you.>> What do you think of the announcement today. >> You know, I think it didn' ...

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Starbucks said Thursday it will close 1% of its stores and lay off 900 corporate workers. Among the closures is its Seattle Reserve Roastery, one of the first unionized locations and a site of past protests. ...

you. Let's turn to Starbucks this morning, as you might know, announcing plans to cut some corporate jobs, close some North American stores as part of the company's broader turnaround efforts. Let's get to Kate Rogers, who brought us that news earlier this morning.Morning again, Kate. >> Good morning, Carl. So, Starbucks announcing a $1 billion restructuring plan this morning in an SEC filing, adding that it will lay off some 900 non- retail employees and, as you said, closed stores.The number of company op ...

Starbucks is to slow expansion and close underperforming stores. (Photo by Justin Sullivan/Getty Images)Getty ImagesStarbucks is embarking on a sweeping $1 billion restructuring effort aimed at reshaping its North American operations.But the move is set to shutter hundreds of the company’s ubiquitous coffeehouses and cut hundreds of corporate jobs as the company seeks to reignite growth in its largest market.In a regulatory filing Thursday, the Seattle-based coffee giant said it plans to trim its portfolio ...

A Starbucks location in Minnesota in 2019. The Seattle-based coffee chain is planning to close hundreds of stores. (Associated Press) Starbucks is planning to close hundreds of stores and lay off close to 1,000 employees as part of a turnaround effort. In a message to employees, Chief Executive Brian Niccol said the cost-cutting moves were necessary. Store closures will begin immediately, and the affected employees will be notified on Friday, Niccol said. The company has been revamping its slowing busin ...

Starbucks is eliminating 900 jobs and closing stores as part of its turnaround plan.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The coffee chain plans to decrease its store count by 1%, leaving it with 18,300 l ...

Starbucks plans to close scores of cafes and sack 900 people in a push to turn around the struggling coffee chain. Brian Niccol, the company’s chief executive, outlined the plans in a letter to employees on Thursday. He said the chain would shut locations that were unable to “deliver a warm and welcoming space” or meet financial targets. The overhaul will involve closing more than 100 shops in North America and locations in the UK – though Starbucks declined to give an overall total – while 900 “non-reta ...

Starbucks said Thursday it would shutter underperforming stores in North America and cut 900 jobs in a $1 billion restructuring effort, as CEO Brian Niccol presses ahead with his plan to revive the company’s fortunes.In his first year on the job, Niccol has zeroed in on investing in Starbucks’ stores to reduce service times and restore a coffee-house environment, while also trimming management layers.The company has posted six straight quarters of sales decline in the US as demand for its pricey lattes took ...