Caribou Coffee Plans to Close More Than 80 Stores Nationwide

The Minneapolis-based coffee chain aims to stick close to home, while closing stores in Illinois, Ohio, Michigan, and other states

Flickr/ Stephen Cummings
Caribou Coffee announced nationwide closings.

Has the rise of third-wave coffee shops inevitably hurt the coffee chains? It appears at least one chain has been forced to change its game. 

Caribou Coffee, the Minneapolis-based coffee chain, announced closings of 88 stores nationwide today, according to The Huffington Post. Sixty-six of those stores are in the Chicago market, but closures will span as far out as Ohio, Pennsylvania, Maryland, and Washington, D.C. But the company also plans to convert at least a dozen of those shuttered stores into Peet's Coffee & Tea shops. Said the company in a written statement, "Over the past few months, we at Caribou have revisited our business strategy, including closely evaluating our performance by market to make decisions that best position us for long-term growth." 

The Chicago Tribune reports that after the closures — effective this Sunday — about 1,000 people will be out of jobs. Of the stores lef, the Tribune says, "Caribou will have 486 locations in Minnesota, North Dakota, South Dakota, Western Wisconsin, Iowa, Kansas, North Carolina, Denver, and 10 international markets." HuffPo says that the company appears to be aiming closer to its home market of Minneapolis in this new strategy. So when you're not hanging out at Spyhouse in Minneapolis, better head to Caribou and keep those lattes coming. 


Be a Part of the Conversation

Have something to say?
Add a comment (or see what others think).

Comments 0
3.25
Ratings8


Like this story? Get updates by email, facebook and twitter
Get daily food and wine coverage


Latest from The Daily Meal

The Daily Meal Video Network
Feed Me Wine With Keith Beavers: Opening and Pouring

Post a comment

Add a Comment

Upload a picture of yourself no larger than 3MB, please see Terms for details
CAPTCHA
Please answer this Captcha to prove you are human
Image CAPTCHA
Enter the characters shown in the image.
CAPTCHA
Please answer this Captcha to prove you are human