Starbucks has come forward to explain its new strategy and its recent decision to close 400 stores across the U.S.

Starbucks, one of the most recognizable coffee brands in the world, is undergoing its most dramatic restructuring to date.

CNN reported Monday that the iconic Seattle-based coffee giant is planning to close roughly 400 stores nationwide as part of ...

CEO Brian Niccol, hired last year from Chipotle to revive Starbucks, no longer wants its stores to be right next to each ...

Starbucks is intentionally scaling back its presence, closing stores after decades of steady growth. The coffee chain plans ...

Starbucks plans to close several stores due to higher competition and costs. The viral holiday obsession sparked pricey ...

Starbucks plans to close about 400 locations, mostly in large metropolitan areas. It has already closed dozens of storefronts ...

Starbucks turnaround may take years: revenue up but margins hit lows. Valuation is also at a significant premium to peers.

Starbucks has shuttered over 400 stores across the US as part of a $1 billion restructuring plan, following underperformance and failure to meet brand standards.

Starbucks will close around 400 stores in U.S. metropolitan areas as the coffee chain confronts heightened competition, the expansion of remote work and escalating operational costs.

Starbucks spent years trying to become an inescapable storefront on the streets of New York, Los Angeles and other big cities in America. Now that’s coming to an end.

Zara's owner, Inditex, had 132 fewer stores as of October than it did a year earlier. Other retailers are also shuttering locations.