Starbucks Corp. has named all 600 company-owned stores it plans to close in a bid to boost its business and weed out unprofitable locations.
The company announced 50 stores late last week, saying those stores would be closed by the end of July. Those include four stores in Alabama, seven in Minnesota and eight in California.
Now the gourmet coffee retailer is detailing all stores slated for closure. Including the eight other stores, California will now lose 88 stores with two each in Los Angeles and San Francisco, and 10 in San Diego.
Florida will lose 59 stores, including three each in Tampa and Palm Beach Gardens. Louisiana will lose 13 stores, nine of them in Baton Rouge.
The company announced earlier this month that it would close 600 company-owned stores in the U.S. starting in July and continuing through the first half of the next fiscal year. But Starbucks didn't say which locations would be shut down. Until now.
The move to close the stores is a turnabout from Starbucks' aggressive expansion plans. But the company curtailed those plans as it saw traffic and its profits decline recently as the faltering economy has led some consumers to question their spending on pricey coffee.