Starbucks is preparing to shut approximately 250 coffeehouses across North America, adding another major round of closures to CEO Brian Niccol's ongoing turnaround plan. The move comes months after the coffee giant cut 300 US corporate jobs and closed several regional offices as it sought to streamline its business.
The affected locations are expected to close later this week, although Starbucks has not publicly identified the stores. The closures represent about 1% of Starbucks' more than 18,000 North American locations.
