Amid ongoing crime, Starbucks announced that it is closing seven San Francisco locations.
Jessica Borton, Starbucks’ regional vice president for Northern California, wrote to district managers that “several factors” are involved in store closures.
“There are several factors Starbucks considers when tasked with the tough decision of closing a store, but it is all part of ensuring a healthy store portfolio,” she wrote.
“Determining how and where we invest is done through a standard process of evaluating our store portfolio annually to determine where we can best meet our community and customers’ needs,” the letter read, according to the San Francisco Chronicle. “This year those discussions have resulted in making the very difficult decision to close seven of the stores in our area.”
“Transfer opportunities are available and will be offered to each impacted partner. We remain committed to continuing to dialogue with and support our partners in ways that work best for them as individuals throughout this transition,” Borton wrote.
Some of the locations to be closed include SoMa, the Financial District, and Union Square.
Starbucks is also investing over $2 million in renovations at four other locations in the city.
Reporting from The Post Millennial:
Starbucks is another in the seemingly never-ending exodus of businesses from the Golden City which has included, Nordstrom, AT&T, Cinemark, Old Navy, Whole Foods, and T-Mobile. Westfield surrendered the city’s biggest mall, San Francisco Centre, to its lender and Park Hotels & Resorts previously stopped making its mortgage payments and turned over the Hilton San Francisco Union Square and Parc 55 to the bank due to safety issues.
