Starbucks Is Closing 200 Stores Across Canada

Starbucks is closing a bunch of locations, and that was much talked about yesterday. Don’t worry, if you love them, they will still exist. However, 200 stores in Canada will close and another 400 in the USA. Mostly due to losses (they say they will lose more than $3 billion in sales in its third quarter.) Some of the Canadian stores up for closure will be “re-positioned,” Starbucks says, to be “pick-up, drive-thru and curbside delivery only.” The company also plans to eventually add even more locations with that format, with a plan to add 300 new stores with that format in the next 18 months.

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Scott Fox and Kat Callaghan