Starbucks to close another 250 coffeehouses in North America - reuters.com

Starbucks Coffee Company announced the closure of approximately 250 North American stores this week, representing about 1% of its 18,000 regional locations. Chief Operating Officer Mike Grams stated this decision supports the Back to Starbucks strategy. The company identified these specific sites after reviewing its portfolio, citing an inability to deliver the desired customer experience or achieve acceptable financial performance. Starbucks confirmed it will provide support to affected employees throughout this transition process across the identified locations.