Back to today’s briefing

Story perspectives

Starbucks to Close 400 Stores, Lay Off 900 Employees

9/25/2025

41 9 Full Breakdown

Summary

Story summary

Starbucks plans to close about 400 stores and lay off 900 employees in a $1 billion restructuring.
Starbucks CEO Brian Niccol says closures target locations unable to meet financial performance or customer expectations.
The company aims to end fiscal year 2025 with about 18,300 stores, down from 18,734.
The plan includes remodeling over 1,000 locations to improve the customer experience.

1 of 1

Story summary

Starbucks plans to close about 400 stores and lay off 900 employees in a $1 billion restructuring.
Starbucks CEO Brian Niccol says closures target locations unable to meet financial performance or customer expectations.
The company aims to end fiscal year 2025 with about 18,300 stores, down from 18,734.
The plan includes remodeling over 1,000 locations to improve the customer experience.