Starbucks closes 600 US stores (2008)
In July 2008, Starbucks said it would close 600 underperforming US stores and cut roughly 12,000 jobs as the economy slid into recession. Founder Howard Schultz had returned as CEO months earlier to fix slowing growth.
Shops closed and shares fell; Starbucks trimmed costs through 2009.
The chain recovered and grew past 30,000 stores, proving a big closure wave didn't end the brand.
The 2025-26 wave follows the same pattern: shrink the weak half, keep the strong, and bet the name survives.
