Starbucks announces closure of 250 underperforming stores across North America

Starbucks is set to close 250 underperforming coffeehouses in North America as part of a restructuring plan. The closures, announced by COO Mike Grams, will occur by the end of the week and represent about 1% of the company's total stores. Employees affected may be transferred to other locations or receive severance support. This decision follows a previous round of closures last year and reflects ongoing efforts to improve financial performance and customer experience.