25.09.2026, 14:11
The company that left Russia will close hundreds of stores
Source: OREANDA-NEWS
OREANDA-NEWS In the coming days, Starbucks will close about 250 establishments. This was reported by CNN.
The company justified this decision by saying that these outlets either "do not provide the desired level of customer and partner service" or are financially unprofitable. In total, 1 percent of the total number of Starbucks stores in North America will be closed. There are about 18 thousand of them in total.
A year ago, Starbucks CEO Brian Niccol announced the closure of a similar number of establishments, as well as staff reductions. Experts predict that the company will face losses of about $ 300 million related to the closure of stores, of which $ 200 million will be attributed to early termination of lease agreements and severance payments to employees.
In the summer, it was reported that Starbucks is developing its own artificial intelligence-based tools to replace some of the software products the company buys from Microsoft and IBM.
The company justified this decision by saying that these outlets either "do not provide the desired level of customer and partner service" or are financially unprofitable. In total, 1 percent of the total number of Starbucks stores in North America will be closed. There are about 18 thousand of them in total.
A year ago, Starbucks CEO Brian Niccol announced the closure of a similar number of establishments, as well as staff reductions. Experts predict that the company will face losses of about $ 300 million related to the closure of stores, of which $ 200 million will be attributed to early termination of lease agreements and severance payments to employees.
In the summer, it was reported that Starbucks is developing its own artificial intelligence-based tools to replace some of the software products the company buys from Microsoft and IBM.
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