Starbucks to close 250 North America stores

Starbucks will close 250 North American stores — about 1% of its 18,000 locations — citing poor customer experience or financial non-viability. The move, part of CEO Brian Niccol's $1 billion restructuring plan, will cost ~$300 million. Despite closures, the company reported 7.9% same-store sales growth and plans new café openings.