Business

12th and P Starbucks in Lincoln closing due to company cuts

12th and P Starbucks in Lincoln closing due to company cuts

Starbucks will close its original location in downtown Lincoln as part of a national closure of about 1% of the company’s coffee shops.
The shop at 12th and P streets, which has been open for more than two decades, will close Saturday, an employee at the location said. The location also posted a sign explaining the closure.
It’s unclear if any of the other 13 Lincoln Starbucks locations will be closing, but the downtown shop at 1201 P St. was included on a list of about 450 locations that will close compiled by Starbucks employees on a subreddit. Four Omaha locations also appeared on the list.
Including the downtown location, Lincoln has eight stand-alone Starbucks locations and six locations in grocery stores and University of Nebraska student unions.
In an update on Thursday, Brian Niccol, the company’s chairman and chief executive officer, said the number of Starbucks coffeehouses will decline by about 1% for the 2025 fiscal year. Additionally, 900 employees will be laid off across the country.
Niccol said the company reviewed its coffeehouses as part of its Back to Starbucks restructuring plan.
“During the review, we identified coffeehouses where we’re unable to create the physical environment our customers and partners expect, or where we don’t see a path to financial performance, and these locations will be closed,” he said in the Thursday update.
The company will end the year with nearly 18,300 locations. The company plans to grow the number of Starbucks locations in 2026 and redesign about 1,000 locations.
Starbucks is offering employees the opportunity to transfer to other locations where possible and severance packages, according to the update.
The Starbucks location at 12th and P streets was the company’s first location in Lincoln and opened in the early 2000s, according to the Journal Star archives.
Reach the writer at nfranklin@journalstar.com or 402-473-7391.
On Twitter @NealHFranklin
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