What's happening with Starbucks? It closes 250 more coffee shops in the United States and Canada - MDZ Online
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Starbucks closed 7,500 coffee shops in recent months. This second wave of closures affects 250 locations and includes staff layoffs. MDZ Mundo Starbucks closes 750 locations in months. Photo: MDZ Archive The U.S. coffee chain Starbucks has announced the closure of 250 locations in that country and Canada, representing 1% of its total 18,000 establishments in the region, also affecting the workforce, which will be reduced by layoffs, although the company has not specified the number of affected individuals. The closures are part of the restructuring plan initiated by CEO Brian Niccol, which aims for savings of 2 billion dollars (about 1.85 billion euros) in two years, and which already included another decision to close 500 coffee shops last September. "We have thoroughly reviewed our North American coffee shop portfolio and identified establishments where we do not believe we can consistently offer the experience we desire for our customers and partners, or where we do not see a path to acceptable financial performance. Consequently, we will close approximately 250 coffee shops by the end of this week," highlighted Starbucks Chief Operating Officer, Mike Grams. Nevertheless, Grams sought to justify the closures as a routine part of Starbucks' activity, arguing that "every year we close some coffee shops and open others as part of our portfolio management." In this regard, he...
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