Caribou Coffee Closes 80 Locations Nationwide

Caribou Coffee is closing 80 of its locations and will convert 88 others to Peet’s Coffee & Tea, according to CNN. As a result of the closings, the Minneapolis, Minn.-based coffee shop will be nearly nonexistent in Ohio, Michigan, Pennsylvania, Maryland, Virginia, Georgia, Illinois, eastern Wisconsin and Washington. The chain will continue to operate 468 locations in Minnesota, North and South Dakota, Iowa, Kansas, western Wisconsin, North Carolina, Colorado and internationally as well. Full article.