For Starbucks customers, you very likely have the same coffee order every day. And hit up the same Starbucks store with your request. In fact, yo wear your robust Starbucks Rewards account like a badge of honor. But what if, one day, your go-to Starbucks no longer exists? Quelle horreur, am I right? On Sept. 25, the company announced they are closing more than 400 Starbucks stores across the U.S. and Canada, with roughly 900 corporate employees being laid off in the process.
When Brian Niccol took over as CEO of the coffee chain a year ago in September, 2024, it was obvious changes were coming, but as a caffeine-loving society collectively crossed our fingers that it wouldn't mean store closures. That's not the case. Niccol announced that the Starbucks will close approximately 1% of its stores, which equates to more than 430 locations.
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When Will Starbucks Start Closing Stores?
"I know these decisions impact our partners and their families, and we did not make them lightly,” Niccol says in his letter. "I believe these steps are necessary to build a better, stronger and more resilient Starbucks that deepens its impact on the world and creates more opportunities for our partners, suppliers and the communities we serve."
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