Do you support Starbucks closing underperforming stores as part of its turnaround plan?
Starbucks to Close Hundreds of Stores in $1B Restructuring Move
Starbucks has announced a major restructuring plan that includes closing hundreds of underperforming stores and eliminating 900 corporate roles. The company aims to streamline operations and improve customer experience as part of a $1 billion turnaround strategy. Among the closures is the high-profile Starbucks Reserve Roastery in Seattle’s Capitol Hill neighborhood — one of the brand’s most iconic and unionized locations. Starbucks says its North American store count will drop by about 1% overall in fiscal 2025. While some employees will be relocated, many will be laid off or offered severance. CEO Laxman Narasimhan emphasized that only stores no longer meeting quality, safety, or performance standards will be shut down. The move has sparked debate over corporate responsibility, union dynamics, and the future of large-scale coffee chains.
Options
- Yes, it’s smart business
- No, it’s harmful to workers
- Mixed feelings
- I don’t care about Starbucks