The world’s largest coffee chain announced it will soon close more than 100 stores and is cutting 900 non-retail jobs as part of ongoing restructuring efforts. In a blog post issued Thursday, Starbucks CEO Brian Niccol announced the company expects to lose 1% of its company-operated stores in North America during fiscal year 2025.
Niccol said Starbucks anticipates ending the fiscal year with nearly 18,300 total locations in North America. That means a 1% loss in stores represents approximately 183 coffeehouses, however Starbucks did not provide an exact number of planned closures.
The coffee giant also did not provide a list of store closures, saying that employees at affected locations will be notified this week. Niccol said the company will “offer transfers to nearby locations where