Thu, 25 Sep 2025

Thu, 25 Sep 2025 Starbucks to close some US and UK stores

The coffee chain is restructuring to save money by closing its worst performing stores.

* Starbucks will cut around 900 US jobs and close its worst-performing stores in North America as part of a cost-saving move.
* Around 80 US stores, including some in the UK, Switzerland, and Austria, will be closed due to poor performance or lack of a path to financial success.
* The closures are part of CEO Brian Niccol's turnaround strategy, which aims to reduce wait times and revive sales.
* Most of the job cuts will be support staff roles in the US.
* Starbucks is still on track to open 80 new stores in the UK this year, as part of its commitment to expand across Europe, Middle East, and Africa.
* The company's shares have fallen over 8% so far this year due to declining sales and increasing competition from drive-through coffee shops.
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