Starbucks is reducing its store count by 1% in the US and Canada as part of a restructuring effort. CEO Brian Niccol has made cosmetic changes to revive the company, but now he’s focusing on cost-cutting measures. This includes closing 900 stores and eliminating jobs.
Source: https://www.bloomberg.com/news/articles/2025-09-25/starbucks-to-close-stores-cut-jobs-in-1-billion-restructuring