Dhaka, Jan. 10 -- American coffee shop chain Starbucks has closed around 400 outlets across the United States. The move came as the initial phase of the company's USD 1 billion restructuring plan.

By the end of 2025, Starbucks closed 42 stores in New York, followed by 20 in Los Angeles, 15 in Chicago, seven in San Francisco, six in Minneapolis, five in Baltimore, and dozens more in other cities.

The company reviewed more than 18,000 outlets in the US and Canada to identify the most underperforming and outdated ones, and upon identification, destined the selected ones for closure.

Experts said for a retail chain, abolishing a lower-performing shop gradually increases sales of nearby others that ensure improved experiences and enhanced a...