Starbucks Is Closing 200 Locations in U.S. and Canada

Starbucks Is Closing 200 Locations in U.S. and Canada

Starbucks lovers, cover your eyes! You're not going to like this news. Your beloved frappuccino makers have announced that they will be closing 100 stores in the United States within the next year, as well as an additional 100 stores in Canada. That's right, 2021 means there will be 200 less Starbucks locations in North America, which means there will be fewer options for you to stop by and get your caffeine fix. "Broadly speaking, we've seen US transactions migrate from dense metro centers to the suburbs, from cafes to drive-throughs, from early mornings to mid-mornings with outpaced recovery on the weekends," said CEO Kevin Johnson. Even sadder, this is in addition to the 400 expected store closures that they had already announced previously this year. Those numbers were 400 closures in US and 200 in Canada. Expect dense metro areas to be hit with the most store closures. Moving forward, Starbucks locations will place a much greater emphasis on to-go orders. The current pandemic has caused this shift in focus. The silver lining is that there will also be 850 new Starbucks openings in the US and Canada. Overall, there will be a net gain of 50 new stores in 2021. Phew! Rest assured, Starbucks will still be around to fuel your caffeine needs.