Starbucks to close 250 underperforming North American stores

Starbucks plans to close around 250 underperforming cafes across North America this week, the second round under CEO Brian Niccol. The company expects roughly $300 million in restructuring charges as part of a broader $2 billion cost-cut target by fiscal 2028. Store growth is shifting outside North America, and the company is developing a smaller store format for the U.S.