(CNN/Gray News) – You might start seeing fewer Starbucks shops around.
After decades of constant growth, the chain is now shrinking its presence in major U.S. cities.
Starbucks plans to close about 400 locations, mostly in large metropolitan areas.
It has already closed dozens of storefronts, including 42 shops in New York City alone.
That’s due to rising competition in saturated areas, remote work and higher costs.
The company says it will now focus on fewer, stronger locations and new designs starting in 2026.
In a statement via email, a company spokesperson said:
“Starbucks regularly evaluates our portfolio of coffeehouses to make sure that we are meeting the needs of our customers. Opening and closing stores is a standard part of our business, and we don’t have additional news in the US or elsewhere to share.”
A list of the stores set to close was not provided.
Copyright 2025 CNN Newsource. All rights reserved.