Caribou Coffee closing 80 stores
Caribou Coffee is disappearing or greatly diminishing in several U.S. markets.
April 8th, 2013
09:33 PM ET

Caribou Coffee closing 80 stores

Minneapolis-based Caribou Coffee is closing 80 locations next week and plans to convert 88 others to Peet's Coffee & Tea shops within the next 18 months, the company announced Monday.

"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 announcement said.

As a result, 80 "underperforming" stores will close for good on Sunday.

After that, 88 other Caribou locations will become Peet's as Caribou becomes extinct or critically endangered in Ohio, Michigan, Pennsylvania, Maryland, Virginia, Georgia, Illinois, eastern Wisconsin and Washington.

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Filed under: Business • Economy • Food
soundoff (7 Responses)
  1. Jeff Frank (R-Ohio) "The Lunatic Fringe"

    Caribou criticly endangered in Ohio? They must not let me out much. Never heard of "em. Starbucks..keep it comming. I've yet to see anything wrong doing that number.

    April 8, 2013 at 10:27 pm | Report abuse |
  2. Joey Isotta-Fraschini ©™

    I think that my comment about Starbucks, Caribou, and income was just rejected because it was too true. Maybe I shouldn't have mentioned Alain Ducasse.

    April 9, 2013 at 6:40 am | Report abuse |
  3. Mary

    No doubt he uses all those yummy GMO infested foods when making his dishes @ Joey
    Good Morning🙂

    April 9, 2013 at 7:11 am | Report abuse |
  4. Mary

    buon pomeriggio to you @ Joey😉 I have a full day but wanted to respond

    April 9, 2013 at 1:36 pm | Report abuse |
  5. Haiku you

    Can't mourn closing of
    Stores I never heard before
    (Coffee Caribous)?

    April 9, 2013 at 3:33 pm | Report abuse |
  6. Megan

    There is no WAY Caribou is endangered in Ohio. I live in Cleveland and visit a few store locations several times a week. The place is always packed!

    April 13, 2013 at 1:51 pm | Report abuse |