Huan Qiu Wang·2025-09-26 08:37Core Viewpoint - Starbucks announced plans to close hundreds of stores in the U.S. and Canada, resulting in a 1% reduction in total store count, as part of a new strategic plan to revitalize performance after six consecutive quarters of declining sales [1] Group 1: Store Closures and Workforce Reduction - The company will close hundreds of stores and lay off approximately 900 employees [1] - By the end of the fiscal year, the total number of stores in the U.S. and Canada is expected to be around 18,300 [1] Group 2: Strategic Shift - The closures will primarily affect stores that only offer takeout services, as the model of expanding customer base through takeout has become outdated [1] - The company plans to invest in new store openings and renovate over 1,000 existing locations [1] Group 3: Market Reaction - Investor response to Starbucks' latest plans has been lukewarm, attributed to unresolved issues regarding the company's pricing in the current competitive and economic environment [1] - Analysts suggest that the business transformation has a long way to go [1]