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Castaic and Canyon Country Starbucks Closing

santaclaritarealestateforum July 18th, 2008

Coffee Spilled

 A few Santa Clarita Starbucks will be part of a mass closure of 88 stores located in California, which is actually part of a bigger closure of over 600 Starbucks store closures nationwide. Starbucks claims the closures are due to sluggish sales, and a slowing economy.

It’s been mentioned in various news reports that many of the stores identified for closure will be one that have been established in just the last few years. To see the official list of nationwide Starbucks Store closures click here.

The two Santa Clarita Valley Starbucks stores that were identified on the list are:

Castaic Starbucks located at 31818 Castaic Rd

Canyon Country Starbucks located at 26503 Golden Valley Rd

Starbucks.com website today has the following to say regarding the announced store closures:

As we announced on July 1, 2008, Starbucks will close approximately 600 company-operated stores in the U.S. beginning this month and continuing through the first half of FY09.  Partners in the stores listed below have been personally notified that their store has been slated to close during this timeframe. 

In the spirit of transparency with our partners, customers and communities, we have provided the full list of stores below for general information purposes. Store partners will receive advance notice and more details from their leadership team once a specific closure date has been confirmed. After specific closure dates have been communicated to all affected partners, we will continue to update the confirmed store list at http://www.starbucks.com/aboutus/pressdesc.asp?id=880.

Full List of U.S. Store Closures
http://www.starbucks.com/aboutus/USStoreClosureInfo.pdf.
This list is provided solely for general information purposes, and does not create any obligation or commitment by Starbucks Coffee Company with respect to the closure of any particular store.  This list is based on currently available operating, financial and competitive information.  Actual store closures may differ depending on a variety of factors including, but not limited to, risks related to finalization of third party agreements, expected costs savings, income tax and other benefits associated with the store closures in the anticipated time frame, if at all.  Starbucks undertakes no obligation to notify third parties of such changes.


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