Say goodbye: Beloved coffee shop closing 250 ‘underperforming’ stores by week’s end

Starbucks is closing 250 underperforming stores by the end of this week. This strategic move will result in restructuring charges totaling $300M for the company. While the business executes these closures to optimize its portfolio, labor unions have voiced significant criticism. Specifically, these unions are highlighting a lack of worker input throughout the decision-making process regarding the store shutdowns. The company continues to move forward with the closures despite the ongoing concerns raised by the unions.