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San Francisco has lost its vitality… “I’m even leaving for Starbucks”

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Starbucks Northern California Vice President Announces Closure of 7 Stores
In addition to closed stores, there are also recently opened, reopened, and remodeled stores.
Large companies are leaving due to the aftereffects of the pandemic, such as a decrease in crime and purchases.

Seven Starbucks stores are closing in San Francisco, California.

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According to CBS News and Fox News Business on the 3rd (local time), Starbucks, a coffee franchise based in Seattle, Washington, announced that it had notified employees of seven stores in San Francisco of the closure. These stores will close on the 22nd.

In addition to the seven stores that are closing, Starbucks has opened or reopened three new stores in downtown San Francisco over the past six months. Another four stores were renovated at a cost of $2.5 million (about 3.3 billion won).

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Starbucks did not specifically reveal the reason for the closure of the seven stores. Jessica Borton, vice president of Starbucks’ Northern California region, told San Francisco Starbucks operators on the 2nd that this decision was based on the company’s annual store operation evaluation. Starbucks conducts store evaluations every year to decide whether to open new stores, improve existing stores, or close stores.

“Starbucks considers many factors when making the difficult decision to close a store,” Borton said. “This is all to ensure normal store operations,” he said.

Starbucks said it would offer employees at the seven stores it plans to close the opportunity to move to other locations.

In recent months, companies have been leaving San Francisco in droves. Large corporations such as clothing and miscellaneous goods distributor Nordstrom, organic food store Whole Foods, supermarket chain Safeway, and clothing company Old Navy closed their stores in San Francisco. Additionally, small and medium-sized businesses are experiencing difficulties due to the closure of all stores in central San Francisco and surrounding areas.

The companies said they made the decision to close due to the lingering effects of the pandemic, including rampant street crime and theft, as well as fewer workers in the area and changes in shopping habits.

San Francisco authorities said they are operating a program to revitalize small businesses in areas with many empty stores. In addition, we are actively responding by welcoming the influx of companies such as IKEA, which are revitalizing areas hit by the economic downturn.

Source: Donga

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