By Nathaniel Meyersohn, CNNNew York (CNN) — Starbucks spent years trying to become an inescapable storefront on the streets of New York, Los Angeles and other big cities in America. Starbucks is closing roughly 400 stores nationwide that are concentrated in large metro areas as part of its $1 billion restructuring plan. Starbucks closed 42 locations in New York, or 12% of its total in the city. Starbucks also reportedly closed more than 20 locations in Los Angeles this year; 15 in Chicago; seven in San Francisco; six in Minneapolis; five in Baltimore; and dozens more in other cities. New York City, Chicago, Los Angeles and San Francisco lost population after the pandemic in 2020, reducing their market sizes, although these cities have started to reverse losses since 2023.

Source: CNN December 29, 2025 09:42 UTC