Starbucks Corp. plans to close approximately 250 underperforming stores across North America later this week. These closures represent about 1% of the company's 18,000 locations.
The company stated that the affected cafes did not meet financial or customer service expectations. This move is intended to allow the coffee chain to focus on stores with higher potential.
This action marks the second round of closures in a year and is part of a broader campaign to boost operations as the latest stage of the company's turnaround.
Starbucks did not specify which coffeehouses will close, the number of locations situated in the U.S., or how many of the stores are unionized.