16.2 C
New York
May 17, 2024
Worship Media
Business

Starbucks says closure of up to 300 stores in Canada to be completed by end of March

TORONTO — Starbucks says its plan to close up to 300 coffee shops across Canada will be complete by the end of March.

The Seattle-based coffeehouse and roastery chain announced the acceleration of its five-year “transformation strategy” last year as it responded to changes in consumer habits during the COVID-19 pandemic.

In a statement on Tuesday, the company says some of its locations closed last fall and it expects to complete its planned store closures by the end of its second quarter.

The restructuring includes adding new drive thru locations, the expansion of delivery and a pilot of curbside pick-up only coffee shops.

The company began experimenting with pick-up only locations before the pandemic. The first Canadian Starbucks store using the new format, which measured 93 square metres or 1,000 square feet, launched in Toronto’s financial district last January.

Starbucks says the changes will help the coffee chain “best meet our customers where they are now.”

The company had previously said it would close up to 200 of its locations in Canada over two years.

This report by The Canadian Press was first published Jan. 12, 2021.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/starbucks-says-closure-of-up-to-300-stores-in-canada-to-be-completed-by-end-of-march-1.5263869

Related posts

Billionaire Musk sells more shares in whirlwind Tesla stock ride

CTV News

Trade deficit narrowed in May as exports rose and imports fell again

CTV News

BoC surveys show businesses, consumers gear up for slowdown as economy softens

CTV News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy