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4m ago

Starbucks to Close About 1% of North America Stores, Cut 900 Corporate Jobs in Restructuring

Starbucks says the moves support its Back to Starbucks turnaround, with more than 1,000 store renovations aimed at improving the customer experience.

FILE - Shoppers at the Walden Galleria in Buffalo, NY, stop by the Starbucks kiosk on Saturday, Nov. 30, 2024. (AP Photo/Gene J. Puskar, File)
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FILE - Starbucks baristas stand on stage, March 20, 2019, during an annual shareholders meeting in Seattle. (AP Photo/Ted S. Warren, file)

Overview

  • Executives said the portfolio review identified locations without a path to financial performance or the coffeehouse environment the brand expects.
  • Store employees at affected sites are being notified this week, with transfers to nearby locations where possible and severance when not.
  • Approximately 900 non‑retail roles will be eliminated, many open positions will be closed, and impacted corporate staff are due to be notified Friday.
  • Starbucks expects to end the fiscal year with about 18,300 North American locations, or roughly 150–200 net closures versus last year.
  • The company disclosed about $1 billion in restructuring costs, and the union said it will seek effects bargaining for impacted unionized stores as Starbucks plans to grow its footprint again next fiscal year.