Commercial Real Estate Blog

Starbucks has released a list of the stores it will be closing. Of the 600 estimated stores to be closed, the ones in the Bay Area scheduled to be closed include:

• 2250 Monument Blvd, Concord, CA
• 29653 Mission Blvd, Hayward, CA
• 101 Fourth Street (Metreon), San Francisco, CA
• 901 Market Street, San Francisco, CA
• 1167 Lincoln Ave, San Jose, CA
• 2001 North Main St, Walnut Creek, CA

The full list of closures is available for download here.

Starbucks (NASDAQ: SBUX) announced that it is closing 600 stores in the United States. In addition they announced that they have revised their plans to open less than 200 stores in the United States in 2009. The announcement comes after several years of rapid expansion; Starbucks announced that it planned 1500 new stores in 2005 alone. Earlier this year it announced that it would slow its growth but today’s announcement goes one step further.

The stores identified for closure are spread across all major U.S. markets with approximately 70 percent of them opened since the beginning of fiscal 2006.