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Starbucks Says It’s Closing 250 Stores Across North America This Week
Starbucks shares are up about 12% for the year.Credit: Katy Blackwood / NurPhoto via Getty ImagesKey TakeawaysStarbucks is closing 250 underperforming stores across North America this week.The company expects to incur $300 million in restructuring charges related to the closures.Some Americans might soon have to drive a bit further to get their favorite coffee, as Starbucks is closing hundreds of stores.Starbucks (SBUX) COO Mike Grams wrote in a message to employees Thursday that the company is closing 250 stores across North America later this week, just over 1% of its network of over 18,000…
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