Starbucks has closed at least 11 locations in metro Denver and Fort Collins after announcing plans last week to shutter hundreds of stores across the United States, Canada and Europe.
Starbucks Chairman and CEO Brian Niccol recently announced that the Seattle-based coffee giant has identified coffeehouses that were unable to provide the physical environment expected by customers and employees, or did not show a path to financial viability.
“Each year, we open and close coffeehouses for a variety of reasons, from financial performance to lease expirations. This is a more significant action that we understand will impact partners and customers. Our coffeehouses are centers of the community, and closing any location is difficult,” Niccol said.
The company said it will end the fiscal year w