Starbucks is closing 434 stores in North America by the end of the quarter, reducing the store count by 2.3%. The closures account for new store openings earlier in 2025, resulting in a net reduction of 227 stores or 1.2% for the fiscal year. The affected locations have not been disclosed, causing uncertainty for unionized stores. Starbucks Workers United is requesting information on planned closures to ensure workers can be placed in other stores. A crowd-sourced Google spreadsheet shows 35% of closures are in California, with 41 in New York and 18 in Oregon, linked to the high minimum wage for quick-service employees.

Read more at Yahoo Finance: Starbucks is closing 434 stores in a single quarter