India, Sept. 24 -- Starbucks plans to shut 250 underperforming coffeehouses across North America. The company announced the closures in a regulatory filing on Thursday. The move is part of CEO Brian Niccol's broader plan to turn around Starbucks and improve sales.

Starbucks is targeting coffeehouses that are not performing well. The company wants to focus its resources on stores and locations that can contribute more strongly to its business. The latest closures represent about 1% of Starbucks' roughly 18,000 stores in North America.

Starbucks expects to complete most of the 250 store closures by the end of fiscal year 2026. The company expects the shutdowns to result in around $300 million in restructuring charges. This means Starbucks...