Starbucks said on the 24th that it will close 250 underperforming stores in North America. That amounts to about 1% of its roughly 18,000 stores in the region, with most closures to be completed by the end of the September 2026 fiscal year, and the company expects about $300 million in related costs. The move is part of a business-strengthening plan by CEO Brian Niccol, who took the role in 2024; he has pushed investment into store operations while also cutting head office staff and closing some regional offices. Net new company-operated and franchised store openings worldwide are expected to be about 440 in the fiscal year ending September 2026, below the previous target of 600 to 650. eToro global market strategist Lale Akoner said of the closures that while they carry costs, they are a sensible step toward rebuilding the business.
Starbucks CorporationStarbucks will close 250 underperforming North American stores, incurring about $300 million in costs and cutting FY2026 net new openings to ~440 from 600-650.
eToro Group Ltd.
