India, Sept. 26 -- Starbucks is set to close approximately 250 coffeehouses across North America as the coffee chain continues its "Back to Starbucks" strategy under CEO Brian Niccol. The closures are focused on locations the company considers underperforming and are part of its ongoing effort to reshape its coffeehouse portfolio.

Starbucks To Close 250 North American Coffeehouses

Starbucks announced that around 250 North American coffeehouses will close. According to the company, the locations represent approximately 1% of its more than 18,000 coffeehouses in North America.

Starbucks Chief Operating Officer Mike Grams said the company reviewed its North American coffeehouse portfolio and identified locations where it did not believe i...