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

Starbucks plans to close up to 200 Canadian locations over two years | iNFOnews.ca
Pedestrians walk past a downtown Toronto Starbucks Coffee location Thursday, May 31, 2018. Starbucks is pulling back on its presence in Canada with plans to close up to 200 coffee shops. THE CANADIAN PRESS/Graeme Roy

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.

This report by The Canadian Press was first published June 10, 2020.

 

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Kathy Michaels

Kathy Michaels has been an Okanagan-based journalist for more than a decade, working for community papers along the valley and beyond.
She’s won provincial and national awards in business, news and feature writing and says that her love for telling a good story rivals only her fondness for turning a good phrase.
If you have a story that deserves to be told in a thoughtful and compassionate manner, don’t hesitate to reach out.
To reach Kathy call 250-718-0428 or email kmichaels@infonews.ca.

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