Starbucks says it will close about 250 underperforming North American stores. The coffee giant is returning to its roots and pushing to get more customers back into its stores.
Starbucks will close about 1% of its North American cafes in the latest stage of its turnaround. For fiscal 2026, the coffee chain is now projecting net new openings of 440 cafes, down from its prior outlook.
Starbucks agreed on Thursday to settle a discrimination lawsuit by the state of Florida, pledging not to adopt race- or sex-based quotas or preferences in hiring, promotion and pay decisions.
Starbucks Corp is weighing the sale of a majority stake in its Japan business in a potential deal that could value the coffee chain's biggest overseas company-operated market at about $3 billion, two people with knowledge of the matter said.