"Starbucks will close approximately 400 stores in U.S. metropolitan areas by 2026, driven by increased competition, the rise of remote work, and higher operational costs. Dozens of locations have already shut down, including 42 stores in the New York City area and almost 20 across Los Angeles, according to a Parade report. The company has not released a complete list of specific locations slated for closure."
"In a statement to WSMV, Starbucks characterized the closures as part of standard business operations. "Starbucks regularly evaluates our portfolio of coffeehouses to make sure that we are meeting the needs of our customers," the company said. "Opening and closing stores is a standard part of our business..." While the closures proceed, Starbucks plans to remodel about 10 percent of its company-owned locations. A spokesperson told CNN the updated stores will have "refreshed designs and elevated experiences that reflect the Starbucks brand.""
Starbucks will close approximately 400 stores in U.S. metropolitan areas by 2026, citing increased competition, the rise of remote work, and higher operational costs. Dozens of locations have already shut, including 42 in the New York City area and almost 20 across Los Angeles. The company has not released a complete list of specific closures. Starbucks described the actions as routine portfolio evaluation and said opening and closing stores is standard business. While reducing some locations, Starbucks plans to remodel about 10 percent of company-owned stores with refreshed designs and elevated experiences. Renovations will favor comfortable chairs, couches, and power outlets over grab-and-go layouts to encourage lingering.
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