Starbucks closing Chicago stores—why the sudden restructuring?
Starbucks is closing several locations in Chicago this weekend. This move is part of a larger nationwide restructuring plan. The company announced it will close 350 stores across the US.
The closures primarily affect locations that operated within Target stores. Starbucks cited declining sales and changing customer behavior as key factors. This impacts both the coffee chain and Target's retail strategy.
According to CNN, Starbucks is closing hundreds of stores, not just the Chicago locations. The company aims to optimize its store portfolio for future growth.
These closures signal a shift in Starbucks' retail approach, potentially focusing on smaller-format stores and drive-thrus. Expect further adjustments to their store network in the coming months.
