In a letter to employees, Starbucks Chief Operating Officer Mike Grams said the locations targeted either aren’t delivering acceptable financial results or can’t provide the kind of experience that Starbucks wants for customers and employees.
Starbucks has also been cutting its corporate ranks. The company laid off 900 nonretail employees when it closed stores last September. In May, Starbucks laid off an additional 300 corporate employees and closed some underused U.S. offices.