"According to CNN, the coffee giant is closing roughly 400 stores across major U.S. cities as part of a $1 billion restructuring plan under CEO Brian Niccol (yep, the former Chipotle guy). That includes 42 New York locations, around 20 in Los Angeles, and others spread across Chicago, San Francisco, Minneapolis, Baltimore, and beyond. The reason? Starbucks' once-bulletproof "there's one on every corner" strategy just doesn't hit as hard as it used to."
"Starbucks reviewed more than 18,000 stores across the U.S. and Canada to determine which would stay, close, or receive an upgrade. As part of the plan, about 10 percent of its company-owned storesroughly 1,000 locationswill be remodeled with updated layouts, seating, and outlets (a win for me, someone with a laptop permanently on its last leg) in an attempt to bring back that "third place" vibe it became famous for."
Starbucks plans to close roughly 400 stores across major U.S. metro areas in 2026 as part of a $1 billion restructuring under CEO Brian Niccol. Closures concentrate in urban centers including 42 New York locations and about 20 in Los Angeles, with additional locations in Chicago, San Francisco, Minneapolis, and Baltimore. The company reviewed more than 18,000 U.S. and Canadian stores to identify underperforming cafes to close while reallocating resources to stronger locations. Approximately 10 percent of company-owned stores—about 1,000 locations—will be remodeled with updated layouts, seating, and outlets to revive the "third place" vibe. Remote work, rising costs, and local competition are cited as drivers.
Read at www.delish.com
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