Starbucks store closures will affect approximately 250 coffeehouses across North America after the company disclosed a new portfolio reset on 24 September. The move also cuts Starbucks' fiscal 2026 net-new global coffeehouse target to about 440, down from previous guidance of 600 to 650. The company expects approximately $300 million (£226.41 million) in restructuring charges connected with the plan.
The news came after Starbucks' board approved the restructuring actions on 22 September under its 'Back to Starbucks' strategy. Most of the affected coffeehouses are expected to close by the end of fiscal 2026.
