Overview
- In its fourth-quarter update, Starbucks said it shuttered 627 stores globally for a net reduction of 107, including 520 closures in the United States, bringing the totals to 40,990 stores worldwide and 16,864 in the U.S.
- The company confirmed 10 UK closures in October as part of its EMEA review, with affected locations spanning London, Glasgow, Aberdeen, King’s Lynn and Whitley.
- Despite the cuts, Starbucks says it remains on track to open 80 new UK stores this year and 150 across the wider EMEA region.
- Starbucks is trimming its North American footprint by about 1% in fiscal 2025 and plans to eliminate roughly 900 head-office roles in the region.
- The turnaround emphasizes remodeled, community-focused coffeehouses and format changes, with Starbucks stating it will seek to transfer impacted employees and offer enhanced pay-offs and wellbeing support.