"During the review, we identified coffeehouses where we're unable to create the physical environment our customers and partners expect, or where we don't see a path to financial performance, and these locations will be closed,"
"good progress, there is much more to do to build a better, stronger, and more resilient Starbucks."
Starbucks will permanently close 34 locations across New York City's five boroughs as part of a nationwide downsizing. The company announced a $1 billion restructuring plan and roughly 900 layoffs across North America, resulting in nearly a 1% reduction in Starbucks North America locations. The closures target coffeehouses judged unable to provide the expected physical environment or lacking a path to financial performance. Affected sites include high-traffic Manhattan corners and multiple Brooklyn and Queens stores, meaning some regular customers will need alternate routes for morning purchases.
Read at ABC News
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