Strategy
Starbucks to Close About 250 North American Cafes, Taking $300 Million in Charges
The company cut its fiscal 2026 net new store target to about 440 from 600 to 650, in the second consecutive year of major closures under the Back to Starbucks turnaround.
AF
By Anna Ferreira
Sep 25, 2026 · 2 min read
Starbucks disclosed in a filing on Thursday that its board has approved closing approximately 1% of its more than 18,000 North American coffeehouses — roughly 250 locations — under the turnaround program the company calls Back to Starbucks.
Discussion (0)
Sign in to join the discussion.
Loading comments…
AF
Anna Ferreira
Senior Correspondent, Corporate Strategy
Anna Ferreira writes for Corporate Insider Inc.