Starbucks Closing 7 San Francisco Stores as Part of Annual Evaluation

Starbucks to close 7 stores in San Francisco effective October 22
Part of larger evaluation of store portfolio each year
Have opened 3 new stores in San Francisco in last 6 months
Renovating 4 other San Francisco locations
Well-known chains like Whole Foods, CB2 have left San Francisco
Starbucks remains dedicated to investing in San Francisco

cnn.com

Relevant topic timeline:

8/25/2023

Inside the empty flagship Nordstrom in San Francisco, closing after more than 3 decades

The flagship Nordstrom store in San Francisco is closing due to decreased sales, crime in the area, and changing shopping habits, prompting the city to plan for new concepts such as pop-up shops and a soccer stadium in downtown San Francisco.

9/19/2023

Starbucks Stock Downgraded Over China Growth Concerns

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10/16/2023

After 20 Years, Original Philz Coffee in SF Mission District Location to Close Its Doors

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