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Starbucks, the ubiquitous coffee chain, will close hundreds of stores across North America by the end of the 2025 fiscal year

The company is also eliminating about 900 current non-retail employee jobs

"Each year, we open and close coffeehouses for a variety of reasons, from financial performance to lease expirations. This is a more significant action that we understand will impact partners and customers," Starbucks CEO and Chairman Brian Niccol said

Starbucks, the ubiquitous coffee chain founded in Seattle and frequented by millions of customers looking for a caffeine boost, is closing hundreds of North American stores as part of a major restructuring plan.

Starbucks CEO and Chairman Brian Niccol announced the closures in an update on Thursday, Sept. 25 as the company

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