Caribou Coffee to Close Underperforming Stores
April 10, 2013
Minneapolis-based Caribou Coffee is closing 80 underperforming stores and converting another 88 stores to Peet’s Coffee & Tea sites, according to the Huffington Post. The store closures are slated to occur in April, and the conversions will occur over the next 12 to 18 months in Washington, D.C., Ohio, Michigan, Pennsylvania, Maryland, Virginia, Georgia, Illinois and Wisconsin. The company did not disclose where the store closures would occur.