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San Francisco-based Peet's Coffee shuttered all seven of its Ohio locations yesterday according to Cleveland.com. The closures, which were announced to employees late last week, came a little over a year after the company announced it would open 10 new locations in the greater Cleveland area.
Employees at one Cleveland-area location were told that they would be out of a job on Saturday, and notified regular customers by posting a sign on the front door that reads, "Today Mon. 15th is our last day open. Bye."
A spokesperson for the company told local news outlets that the closures were motivated by a decline in sales. Peet's recently shuttered stores in Michigan and Pennsylvania, explaining "they are not performing to our sales expectations and didn't have a promising future outlook." Peet's is focused on growing its brand in markets where it sees growth, which is currently in Chicago and Washington, D.C.
This news comes just shortly after Starbucks, a Peet's competitor, announced massive global expansion plans. Starbucks currently operates about 50 locations in the state of Ohio.
