Starbucks plans to shutter 250 North American stores in what is the second round of closures under its new corporate leadership following decades of seemingly endless expansion.
\n\nStarbucks Chairman and CEO Brian Niccol, who joined the company in 2024, also oversaw the closure of a whopping 627 stores in North America and Europe last September, the Associated Press reported Thursday.
\n\nIn a letter to employees, Starbucks Chief Operating Officer Mike Grams said the locations to be closed aren’t delivering acceptable income or are missing the kind of experience that Starbucks wants for customers and employees, according to the AP report.
\n\nThe closures, however, represent only a tiny slice of Starbuck’s reach worldwide. As of late June this year the Seattle company reported more than 41,000 company-operated and licensed locations across 90 markets.
\n\nIn announcing the closures Thursday the company did not say which coffeehouses were being shuttered or how many were in the U.S.
\n\nThe company did not say if unionization by workers figured into the decision.
\n\nStarbucks Workers United, which represents workers at the 700 company-owned U.S. Starbucks stores that have voted to unionize, said 20 unionized stores are among the 250 that are closing, or 8% of the…
Original source: https://www.breitbart.com/economy/
