Overview

• Closures begin immediately and will reduce the U.S. and Canada store base by about 1% to roughly 18,300 by fiscal year end on Sept. 28.
• Nearly 900 primarily non‑retail roles are being eliminated, with notifications to affected employees set for the morning of Sept. 26 and remote work encouraged during notification days.
• The company expects about $1 billion in restructuring costs, including roughly $150 million for severance and $850 million tied to store closures and lease terminations.
• Starbucks plans to modernize more than 1,000 locations over the next 12 months and expects to increase the number of operated cafés in fiscal 2026, with some pickup‑only stores to be closed or converted.
• Store employees may transfer to nearby locations or receive severance, while Starbucks Workers United disputes the closure process and seeks protections as the company says union status was not a factor.