Skip to main content

Confirmed: Caribou is closing 80 shops; rebranding 88 others

  • Author:
  • Updated:

Caribou Coffee Co. Inc. has confirmed that it's closing 80 under-performing shops nationwide, KARE 11 reports. Another 88 locations will be converted to Peet's Coffee and Tea over the next 12 to 18 months.

"Over the past few months, we at Caribou have revisited our business strategy, including closely evaluating our performance by market to make decisions that best position us for long-term growth," the company said in a written statement to the station. "While the decisions we've made have been difficult for our team in Minneapolis, as well as our team members across the country and our guests and fans everywhere, we are working to make this transition as seamless as possible for the Caribou community."

At least two Minnesota shops -- the Caribous at 5309 Lyndale Ave. S. in Minneapolis and 6600 Lyndale Ave. S. in Richfield -- are among those slated for closure on Sunday, April 14, the Pioneer Press reports.

Rumors of the closures began this weekend after employees and customers at several Caribou Coffee locations in Illinois, Ohio and North Carolina were greeted by "store closing" signs, according to several media outlets.

Unhappy coffee lovers took to social media to voice their distaste.

Despite shrinking its retail footprint by more than 25 percent, Caribou's CEO told the Business Journal that no cutbacks are planned at its Brooklyn Center headquarters.

"Our support center in Minneapolis, also home to of our state-of-the-art Caribou roasting facility, is a crucial part of what Caribou is all about and why we’re able to deliver such extraordinary experiences to fans on an everyday basis at our retail locations and through our grocery offering," CEO Mike Tattersfield said in an email statement to the Journal "At this time, we have not made plans to change our support structure in Minneapolis."

Joh. A. Benckiser, a German private equity group, bought Caribou for about $340 million in December, just months after acquiring Peet’s Coffee and Tea for $1 billion.

Last month, Caribou's CEO said the chain was no longer pursuing a partnership with J.C. Penney Co. to set up shops inside revamped stores.

Next Up


Winter weather advisory issued as Saturday snow arrives

Not huge totals expected, but any snow will likely impact travel.


Report: Ryan Poles is Vikings' 'top choice' for general manager

Poles was one of two finalists revealed on Friday.

Payton Willis

Willis carries shorthanded Gophers to beat Rutgers

The senior scored a career-high 32 points to end a four-game losing streak.


Charges: St. Paul man had sexual contact 'multiple times' with 12-year-old girl

Marcus Steichen, 21, is charged with first-degree criminal sexual conduct.

Screen Shot 2020-08-14 at 6.45.53 PM

Charges: Mom killed infant son just weeks after getting him back from foster care

The 10-month-old died in her care in Brooklyn Park last April.

Flickr - police lights squad siren - Edward Kimmel

Arrests made following fentanyl bust in St. Cloud

Authorities searched two St. Cloud apartments Friday morning.

potatoes 2

Minnesota's 'frozen potato freeway' closure attracts plenty of comment

It was, let's face it, a very Minnesotan reason for a freeway closure.

Screen Shot 2022-01-21 at 9.07.54 AM

U of M fraternity raises money for chef's knee surgery

The GoFundMe has raised around $1,700 of its $5,000 goal.

unsplash restaurant cashier register COVID face mask - crop

7 restaurant, bar groups sue Minneapolis over dining vaccine mandate

"Minneapolis bars and restaurants are being used as pawns..." the lawsuit said.

Screen Shot 2022-01-22 at 7.47.53 AM

Woman fatally shot in St. Paul's North End neighborhood

It's the fourth homicide so far this year in St. Paul.


Wild flip the script, dominate Blackhawks

Ryan Hartman scored twice to earn the first game of a back-to-back.

Hopkins Basketball

Hopkins suffers rare loss to No. 1 ranked Sidwell Friends

The Royals held their own in a battle of the nation's best.


Is Caribou teaming up with J.C. Penney?

An official partnership hasn't been announced, but a secret store concept store may indicate there's a future deal between Brooklyn Center-based Caribou Coffee and J.C. Penny. The Dallas Business Journal reports several hundred analysts and investors got a glimpse at how J.C. Penny CEO Ron Johnson wants to transform the Dallas-based retail chain. The prototype included a coffee shop featuring Caribou Coffee.

Caribou Coffee hires new executive

The Brooklyn Center-based coffee retail chain has named Leigh Anne Snider as senior vice president of retail operations. She joins Caribou Coffee from YUM! Brands, where she was the first woman promoted to a chief operating officer position with the Kentucky-based company.