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Starbucks has closed 42 stores across New York City, marking its largest urban pullback ever and signaling a major shift in the economics of big-city retail. In this video, we break down why Starbucks is retreating from NYC—from soaring rent and labor costs, to declining foot traffic, restructuring decisions, and rising competition from local coffee chains. Manhattan alone saw dozens of closures, and for the first time ever, Starbucks lost its top chain position to Dunkin’. This isn’t just about coffee. It’s about how urban costs, labor economics, and changing consumer behavior are reshaping major brands—and what this means for the future of retail in America’s biggest cities. Want to verify the facts in this video? Here are all the credible sources we used for our research: Primary Data SourcesCenter for an Urban Future - State of the Chains 2025 https://nycfuture.org/research/state-... https://nycfuture.org/pdf/state-of-th... NYC Government - Fair Workweek Settlement https://www.nyc.gov/site/dca/news/032... https://a860-gpp.nyc.gov/downloads/83... Starbucks Corporate Press Releases https://about.starbucks.com/press/202... https://about.starbucks.com/press/202... https://investor.starbucks.com/news/f...