Pedestrians walk past a downtown Toronto Starbucks Coffee location Thursday, May 31, 2018. Starbucks is pulling back on its presence in Canada with plans to close up to 200 coffee shops. THE CANADIAN PRESS/Graeme Roy

Pedestrians walk past a downtown Toronto Starbucks Coffee location Thursday, May 31, 2018. Starbucks is pulling back on its presence in Canada with plans to close up to 200 coffee shops. THE CANADIAN PRESS/Graeme Roy

Starbucks plans to close up to 200 Canadian locations over two years

The company outlined a number of broad changes it was introducing

Starbucks is pulling back on its presence in Canada with plans to close up to 200 coffee shops.

The Seattle-based chain says it intends to restructure its company-operated business in Canada under a two-year plan.

The details were included in a letter to shareholders filed on Wednesday with the U.S. Securities and Exchange Commission.

The company outlined a number of broad changes it was introducing as a response to the COVID-19 pandemic and evolving consumer habits.

Starbucks says some of the Canadian stores up for closure will be ”repositioned,” which suggests they could either move to a new area or change format.

The company has been experimenting with locations that are pick-up only coffee shops. The first Canadian location using the new format launched in January in Toronto.

ALSO READ: Cautious Canadians increasingly wearing masks, fear second wave of COVID

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

coffeeCoronavirus