When Starbucks announced on Thursday that it would shutter more than 100 coffeehouse locations across North America, the company didn't publicly specify which stores would close. So, Business Insider has begun creating a list compiled from accounts from affected in-store staff members, reporter visits, and verification through the Starbucks "store locator" feature. While incomplete, it begins to show which neighborhoods and states are most affected by the closures.When reached for comment by Business Insid ...

Brian Niccol took the helm nearly a year ago, but results have been disappointing.It's been one year since Brian Niccol took the top job at Starbucks (SBUX -0.47%). The move surprised industry observers. Niccol had earned a reputation as a turnaround specialist after getting Chipotle rolling again when the burrito chain was still reeling from the fallout of an E. coli-related crisis that started back in late 2015.Starbucks stock jumped roughly 25% in a single session on news of the burrito whisperer's arriv ...

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Starbucks (SBUX) announced plans to close unprofitable locations and cut corporate jobs as CEO Brian Niccol focuses on the company's turnaround plan. In a letter posted to its blog and sent to employees on Thursday, Niccol shared that the company plans to reduce its store count by roughly 1% in Canada and the US this fiscal year. By year-end, the total company-operated and licensed stores across the US and Canada will be nearly 18,300. As of Q3, there were 18,842 locations in North America. Starbucks wil ...

Key Takeaways SBUX will close underperforming North America's stores, reducing count by about 1% in 2025.The company plans to upgrade 1,000 stores over the next year as it resumes growth in fiscal 2026.SBUX will cut 900 non-retail roles to shift resources toward store operations and customer service.Starbucks Corporation (SBUX) is taking steps to strengthen operations as it enters fiscal 2026. The company aims to improve the coffeehouse experience and deliver consistent customer service, while building a st ...

Good morning. As Starbucks tries to evoke nostalgia for its brand, the company is undergoing a major restructuring, including corporate layoffs and costly changes as part of its turnaround plan. This move highlights the importance for companies to stay focused on what customers love, or risk losing ground to competitors.The Starbucks board approved a $1 billion restructuring plan this week that will close underperforming coffeehouses and reshape its corporate support organization under the “Back to Starbuck ...

BURNABY, British Columbia, Sept. 25, 2025 (GLOBE NEWSWIRE) -- The United Steelworkers union (USW) is expressing frustration and shock following Starbucks’ decision today to close its unionized Alder Crossing store in Surrey, B.C., this coming weekend. The Alder Crossing location, situated in a busy retail corridor off King George Boulevard, has long been a thriving store. Starbucks has provided no clear explanation for why this location was selected for closure. The USW believes the decision raises serious ...

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 ...

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. ...

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 ...