Starbucks Plans to Add and Remodel Stores After Closing 400 This Year

Core Insights - Starbucks plans to open new stores and remodel existing ones in 2026 after closing 400 locations in the U.S. in September [1][2] - The company aims to enhance customer experience with refreshed designs and elevated experiences in the new and remodeled stores [2] - Starbucks is focusing on underperforming locations and has identified stores that do not meet brand standards for closure [2][4] Group 1: Store Closures and Future Plans - Starbucks closed 400 locations in September as part of a strategy to address a sales slump in the U.S. [3] - The company will remodel 1,000 stores, introducing new furniture and power outlets to improve the customer environment [2] - Executives plan to provide more details on the turnaround strategy during an investor day event in late January [3] Group 2: Leadership and Strategy - CEO Brian Niccol announced the closures and job eliminations after a review of North American operations, focusing on locations that do not meet customer expectations or financial performance [4] - The "Back to Starbucks" strategy aims to return the company to its roots while adapting to future challenges, leading to the first global comparable store sales growth in seven quarters [5]