In a significant move, Starbucks has announced the closure of at least 11 locations in the metro Denver and Fort Collins areas. This decision comes on the heels of the company's broader strategy to shutter hundreds of stores across the United States, Canada, and Europe. Starbucks Chairman and CEO Brian Niccol revealed that the coffee giant has pinpointed certain coffeehouses that failed to meet the expected physical environment for both customers and employees, as well as those that lacked a viable path to financial sustainability.
In addressing the closures, Niccol stated, “Each year, we open and close coffeehouses for a variety of reasons, from financial performance to lease expirations. This is a more significant action that we understand will impact partners and customers. Our coffeehouses are centers of the community, and closing any location is difficult.” The company has stated that it will conclude the fiscal year with approximately 18,300 total Starbucks locations, which includes both company-operated and licensed stores across the U.S. and Canada.
As of June 29, Starbucks reported having 18,734 North American locations, according to its third-quarter fiscal year 2025 results. In addition to the store closures, the company has announced plans to reduce its non-retail workforce and expenses, including the elimination of around 900 non-retail partner roles and the closure of many open positions.
While Starbucks has not officially specified which locations will be closing, several media outlets, social media posts, and coffee enthusiasts have identified nearly a dozen closures in Colorado. The following locations have been confirmed to close:
3617 S. College Ave., Fort Collins 112 W. Laurel St., Fort Collins 1670 Broadway, Denver 1900 16th St., Denver 1416 Platte St., Denver (inside the REI store) 2975 E. Colfax Ave., Denver 5074 E. Hampden Ave., Denver 4505 Peoria St., Denver 2300 S. Parker Road, Aurora 6712 S. Potomac St., Centennial 4298 S. Broadway, EnglewoodIn response to the impending closures, Niccol emphasized that Starbucks is committed to helping partners find opportunities at nearby locations whenever possible. For those unable to be placed immediately, the company is prioritizing partner care, including comprehensive severance packages. “I know these decisions impact our partners and their families, and we did not make them lightly. I believe these steps are necessary to build a better, stronger, and more resilient Starbucks that deepens its impact on the world and creates more opportunities for our partners, suppliers, and the communities we serve,” Niccol expressed.
Looking ahead, Niccol indicated that in fiscal year 2026, Starbucks plans to expand its operations by increasing the number of coffeehouses and undertaking the redesign of over 1,000 locations within the next 12 months. This initiative aims to enhance the customer experience and adapt to evolving market demands.
This is a developing story, and updates will be provided as more information becomes available. For the latest business news, consider signing up for our On The Block newsletter.
