Starbucks plans to close up to 200 Canadian locations over two years

29
Starbucks

TORONTO — Starbucks is pulling back on its presence in Canada with plans to close up to 200 coffee shops.

The Seattle-based chain says it intends to restructure its company-operated business in Canada under a two-year plan.

The details were included in a letter to shareholders filed on Wednesday with the U.S. Securities and Exchange Commission.

The company outlined a number of broad changes it was introducing as a response to the COVID-19 pandemic and evolving consumer habits.

Starbucks says some of the Canadian stores up for closure will be “repositioned,” which suggests they could either move to a new area or change format.

The company has been experimenting with locations that are pick-up only coffee shops. The first Canadian location using the new format launched in January in Toronto.

29 COMMENTS

  1. Just a place to go to because you wanna talk about having gone to that place. Never been impressive and if you want coffee that brutal just request a pot to be left on for a few hours at Tim’s and itll still be cheaper.

Comments are closed.