Starbucks set to close seven stores in San Francisco

By Jonathan Park | CNN

Seven Starbucks locations across San Francisco will shut down effective October 22, the company told CNN on Tuesday.

When asked why the company decided to close these stores, a Starbucks spokesperson said it was part of a larger evaluation of their store portfolio.

“Each year as a standard course of business, we evaluate the store portfolio to determine where we can best meet our community and customers’ needs,” the spokesperson said in a statement. “This includes opening new locations, identifying stores in need of investment or renovation, exploring locations where an alternative format is needed and, in some instances, re-evaluating our footprint.”

Starbucks has also opened three new stores in downtown San Francisco in the last six months and is renovating four other locations, the spokesperson said. Starbucks set to close seven stores in San Francisco

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