All articles tagged with #retail restructuring
Starbucks is closing at least 69 stores across Southern California as part of a nationwide $1 billion restructuring plan under CEO Brian Niccol, with closures occurring by September 28, affecting locations in Orange County, Inland Empire, and Los Angeles County.
Kroger plans to close about 60 stores nationwide over the next 18 months, including five Pick 'n Save locations in Wisconsin, as part of a company restructuring effort to improve efficiency and long-term viability. Employees at affected stores will be offered transfers to nearby locations.
CVS plans to close 271 stores in 2025, including three in Upstate New York, as part of a restructuring effort to save over $500 million, following the closure of about 900 stores between 2022 and 2024, amidst industry-wide challenges faced by pharmacy chains.
CVS Pharmacy is closing over 270 stores across the U.S. as part of a strategic effort to streamline operations and cut costs, with closures planned in multiple states including Alabama, California, and Florida, among others, following a review of store performance and community needs.