Overview

• Starbucks expects to finish the fiscal year with nearly 18,300 U.S. and Canadian locations, reflecting a net 1% portfolio reduction.
• About 900 non‑retail roles are being eliminated, with affected employees notified Friday and offered severance; store workers at closing sites will be offered transfers where possible.
• The company estimates roughly $1 billion in restructuring costs tied to severance, lease exits and other charges disclosed in securities filings.
• Closures begin immediately without a public list of locations, though the Pike Place Reserve Roastery in Seattle is confirmed closed.
• The moves are part of Brian Niccol’s Back to Starbucks turnaround following six straight quarters of same‑store sales declines, with plans to remodel more than 1,000 cafés and add hours in prioritized stores.