Starbucks Shuts About 400 US Stores Amid Restructuring and Rising Competition
Starbucks has closed roughly 400 locations across the United States as part of a sweeping $1 billion restructuring plan, reflecting shifting consumer habits and intensifying competition in major urban markets. In New York City alone, the coffee giant shut down 42 stores—about 12 percent of its total locations in the city. The closures have reshaped…
