β Banking With Billy News
β $SBUX -1.05% β CLOSING 250 STORES
π° THE NEWS (WSJ, verified)
β’ ~250 underperforming NA cafes closing THIS WEEK
β’ ~$300M restructuring charges ($200M leases
Instant Stock Alerts β’ 2026-09-24 15:34 UTC β’ By Billy Odell Tucker-Robinson
β $SBUX -1.05% β CLOSING 250 STORES
π° THE NEWS (WSJ, verified)
β’ ~250 underperforming NA cafes closing THIS WEEK
β’ ~$300M restructuring charges ($200M leases + severance)
β’ ~1% of 18,000 NA stores | Done by end of FY2026
β’ 2nd round under CEO Brian Niccol (ex-Chipotle)
β’ Last year: hundreds of stoβ¦
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