Source: United Press International
“Starbucks CEO Brian Niccol announced plans Thursday to close hundreds of stores and undergo a second round of layoffs this year in an effort to revive the coffeehouse chain. In a letter to employees, Niccol said the company will have about 1% fewer stores beginning in fiscal year 2026, Oct. 1, compared to a year ago. This accounts for both new store openings and the just-announced closures. Starbucks had 18,734 stores in North America at the end of June, and will begin October with 18,300 stores. Niccol said the company was ‘working hard’ to find new placements for employees at the stores set to be shuttered.” (09/25/25)
https://www.upi.com/Top_News/US/2025/09/25/Starbucks-closures-layoffs/1471758801837/