Cathy Jett is the business editor at The Free Lance-Star, and specializes in covering the area's retail scene. You can email her at email@example.com.
Caribou Coffee to close Central Park location in Fredericksburg on Sunday
Local fans of Caribou Coffee will have to find somewhere else to get their caffeine fix after noon Sunday.
The Central Park store is one of 80 underperforming stores that the Minneapolis-based coffee company said on Monday that it will be closing. Another 88 stores will be converted to Peet’s Coffee & Tea sites.
Caribou said it is making the changes after several months of consideration to better position the coffee company for long-term growth, according to the Associated Press.
Manager Katherine Taylor broke the news to her nine-member staff on Saturday. She said that several employees, including herself, were offered transfers to Caribou Coffee locations in Northern Virginia. She said she turned her offer down because it was for a shift supervisor, which would have been a step down for her. She’s planning to go back to college and get a degree in criminal justice.
Going forward, Caribou Coffee will be made up of 468 locations in Minnesota, North Dakota, South Dakota, Western Wisconsin, Iowa, Kansas, North Carolina, Colorado and 10 international markets.
Caribou was taken private last year by German investment firm Joh. A Benckiser Group GmbH, which also holds a majority stake in Peet’s.
—Staff and wire reports