Starbucks Planning To Close Hundreds Of Stores

(AP) – Starbucks plans to close 250 North American stores later this week. Starbucks Chief Operating Officer Mike Grams said the locations targeted either aren’t delivering acceptable financial results or can’t provide the experience Starbucks wants for customers and employees. The company didn’t say Thursday which coffeehouses will close or how many are located in the U.S. It also didn’t say how many of the affected coffeehouses are unionized. More than 700 U.S. Starbucks stores have voted to unionize since late 2021. Starbucks said it’s continuing to retrofit its stores to be cozier and more welcoming, and that process has helped it identify locations that don’t meet its standards.