Jul 18, 2008 12:08 am US/Pacific
Starbucks To Close 12 Locations In Bay Area
SAN FRANCISCO (CBS 5 / AP) ―
Starbucks has named all 600 company-owned stores, including 12 in the Bay Area, it plans to close in a bid to boost its business and weed out unprofitable locations.
On Thursday, the gourmet coffee retailer revealed all stores slated for closure. California will lose 88 stores in all.
The company had announced earlier this month that closures would start in July and continue through the first half of the next fiscal year. But Starbucks didn't say which locations would be shut down, until now.
The move to close the stores is a turnabout from Starbucks' aggressive expansion plans. But the company curtailed those plans as it saw traffic and its profits decline recently as the faltering economy has led some consumers to question their spending on pricey coffee.
The following Bay Area Starbucks locations were slated for closure:
Benicia – 328 First Street
Berkeley – 1600 Shattuck Avenue
Brentwood – 7760 Brentwood Boulevard
Concord – 2250 Monument Boulevard
Emeryville – 4125 San Pablo Avenue
Hayward – 26953 Mission Road
Hollister – 1280 San Juan Road
San Francisco – 101 4th Street and 901 Market Street
San Jose – 1167 Lincoln Avenue
Santa Rosa – 1620 Mendocino Avenue
Walnut Creek – 2001 Main Street
(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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