Although the coffee giant has not officially identified the locations that are closing (or have already closed), Newsweek compiled a list based on reports from several media outlets.
According to their findings, at least 29 Starbucks locations in California have already shut down, including eight in Los Angeles, eight in San Francisco, and three in San Diego. Additional closures likely exist but need to be verified. (report a closure).
California Starbucks Closures (source: Newsweek):
“Each year, we open and close coffeehouses for a variety of reasons, from financial performance to lease expirations,” Starbucks CEO Brian Niccol told employees and shareholders last month. “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 review of Starbucks locations revealed that many are not meeting financial performance targets or failing to create the environment customers expect, Niccol said.
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