Major coffee chain to close 400 locations by 2026

"Starbucks will close around 400 stores in U.S. metropolitan areas as the coffee chain confronts heightened competition, the expansion of remote work and escalating operational costs. The closures will occur by 2026, with dozens of locations already shut down, Parade reports. The New York City area has seen 42 stores close, while nearly 20 have been shuttered across Los Angeles."

"In a statement to WSMV, Starbucks said, "Starbucks regularly evaluates our portfolio of coffeehouses to make sure that we are meeting the needs of our customers. Opening and closing stores is a standard part of our business..." Alongside the closures, Starbucks intends to remodel approximately 10 percent of its company-owned locations. A spokesperson told CNN that these renovated stores will feature "refreshed designs and elevated experiences that reflect the Starbucks brand.""

Starbucks will close around 400 stores in U.S. metropolitan areas by 2026 due to heightened competition, expanded remote work and rising operational costs. Dozens of locations have already closed, including 42 in the New York City area and nearly 20 in Los Angeles. The company has not released a detailed list of planned closures. Starbucks plans to remodel roughly 10 percent of its company-owned stores with refreshed designs and elevated experiences. Renovated stores will shift away from grab-and-go layouts toward spaces that invite customers to linger, featuring comfortable seating, couches and power outlets.

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