Overview

• Store count in the U.S. and Canada will fall from 18,734 to about 18,300 by fiscal year‑end, with closures targeting locations lacking a viable customer environment or path to profitability.
• Approximately 900 non‑retail roles are being eliminated, with notifications beginning Sept. 26 and severance, benefits extensions, and transfers offered where possible.
• Starbucks estimates about $1 billion in restructuring costs, with significant charges tied to lease exits and severance.
• The plan includes remodeling more than 1,000 cafés over the next year and reassessing pickup‑only formats, with measured expansion expected to resume in 2026.
• Starbucks Workers United alleges the closures disproportionately hit unionized stores, a claim the company denies.