Seven Starbucks locations across San Francisco will shut down effective October 22, the company told CNN on Tuesday. When asked why the company decided to close these stores, a Starbucks spokesperson said it was part of a larger evaluation of their store portfolio. “This includes opening new locations, identifying stores in need of investment or renovation, exploring locations where an alternative format is needed and, in some instances, re-evaluating our footprint.”Starbucks has also opened three new stores in downtown San Francisco in the last six months and is renovating four other locations, the spokesperson said. The closures come as several well-known chains have left San Francisco in the last few years, including Whole Foods, CB2, Anthropologie and Nordstrom, CNN previously reported. For more CNN news and newsletters create an account at CNN.com

Source: CNN October 04, 2023 11:25 UTC