(NEXSTAR) — Starbucks announced Thursday that it plans to close hundreds of stores in the coming days as it continues to focus on its “Back to Starbucks” plan.
CEO Brian Niccol said in a letter shared Thursday that the number of company-operated Starbucks locations in North America “will decline by about 1% in fiscal year 2025.” That does, however, account for both the “numerous coffeehouses” that Starbucks has opened this year as well as other closures that have taken place in the last 12 months.
As of late June, Starbucks had 18,734 locations across North America, according to the Associated Press. When the fiscal year ends in a few days, Starbucks said it expects to have 18,300 stores across the continent.
When will the closures happen?
At least one notable closure has already happe