A Starbucks spokesperson told The Post that the decision to close the seven restaurants was part of an evaluation of the company’s store portfolio.
San Francisco will say goodbye to Dianne Feinstein as her body lies in state at City HallSan Francisco ‘Leaning Tower’ residents forced to pay $6.8M for failed fix
“Each year as a standard course of business, we evaluate the store portfolio to determine where we can best meet our community and customers’ needs,” a Starbucks spokesperson told The Post on Wednesday. San Francisco, which built its economy around the technology sector, has yet to recover from the missing foot traffic and exodus of young people who either left the city or continued working remotely — dealing a devastating blow to retail shops reliant on commuters for business.
Moody’s lowered San Francisco’s credit rating outlook to negative as the city faces a $780 million budget shortfall caused by declining tax revenues.San Francisco has seen a deterioration in the quality of life since the onset of the coronavirus pandemic in March 2020.The Starbucks spokesperson noted the company opened three new locations in downtown San Francisco within the last half year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Starbucks set to close seven stores in San FranciscoWhen asked why the company decided to close these stores, a Starbucks spokesperson said it was part of a larger evaluation of their store portfolio.
Read more »
Starbucks to close 7 downtown San Francisco stores this monthStarbucks announced this week they are closing seven of their San Francisco store locations by the end of the month.
Read more »
These 7 San Francisco Starbucks locations will close this monthStarbucks announced it will be closing seven stores in San Francisco later this month.
Read more »
Starbucks closing 7 downtown San Francisco storesStarbucks is closing seven downtown San Francisco stores as the coffee giant looks to reshape its footprint in the Bay Area while investing resources in other locations.
Read more »
Downtown San Jose, Oakland, San Francisco office vacancies hit sky-high levelsThe Bay Area’s three largest downtown districts suffered with sky-high levels of empty offices in the third quarter of 2023,
Read more »