Starbucks announced the closing of 400 underperforming stores in efforts to fulfill the “Back to Starbucks” restructuring plan.
The Back to Starbucks plan is an initiative by CEO Brian Niccol, focused on fostering a coffee culture where customers can gather. This includes job eliminations and smaller teams moving forward.
The mega coffee chain will finish September with 18,300 stores, down from 18,734 stores, according to a message from Niccol. A list of the 400 U.S. stores has not been released…