STARBUCKS chiefs have confirmed that one of its oldest-ever locations in a US state is set to close its doors for good.
The location in San Francisco has been a constant for more than 30 years.
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But the coffeehouse in Pacific Heights, a San Francisco neighborhood, will soon be a thing of the past.
This is because its doors will close on December 1, as reported by KRON-TV.
The location has been a constant in the area for decades, having first opened its doors in 1993.
Chiefs have looked to downplay the closure, describing it as a “standard course of business.”
“As part of Starbucks standard course of business, we continually evaluate our business to ensure a healthy store portfolio,” a spokesperson said.
The company has confirmed workers set to be impacted by the closure will be able to move to another store.
The U.S. Sun has approached Starbucks for comment.
It’s not yet known what will replace the coffeehouse once it has closed.
But, local venture capitalists are optimistic about the future.
“We are excited at the opportunity to fulfill our mission in the Upper Fillmore and replace this chain retail tenant with an exciting small business operator and entrepreneur,” Cody Allen, of the Upper Fillmore Revitalization Project, told SFGate.
Allen revealed the company has been overwhelmed by potential tenants’ interest.
A raft of Starbucks locations have closed across the US over recent months.
In June, a Starbucks coffeehouse in downtown Sacramento closed, as reported by the Fox affiliate KXTL.
Bosses shuttered an outlet in downtown Seattle in September.
The closure came just weeks after bosses decided to pull the plug on two other outlets in the city.
US braces for ‘45,000 store closures’
Some 45,000 brick-and-mortar stores could close in the next five years, experts have warned.
Several major retailers have announced store closures or gone out of business altogether in recent years.
Chains such as Foot Locker, Sally Beauty, Tuesday Morning, Shore City, Z Gallerie, and Mitchell Gold + Bob Williams have all gone out of business.
Bed Bath & Beyond has closed all of its brick-and-mortar stores and is now an online-only retailer.
The most affected retailers have been clothing, consumer electronics, sporting goods, hobby, book, music, and home furnishing stores since the start of 2019.
UBS has predicted the total number of retail stores will drop by 45k from 958k to 913k.
Despite that, the report says that certain stores should thrive while others decline.
It said retailers such as Walmart, Costco, Home Depot, and Target, could be among the winners.
Chiefs did not pinpoint a reason behind the closures.
The U.S. Sun reported a Starbucks kiosk at the Lehigh Valley shopping mall in Pennsylvania – located around 65 miles from Philadelphia – closed in September.
Starbucks, which has almost 16,000 outlets across the US, is not the only company cutting its store portfolio.
A wave of Big Lots outlet closures has swept the nation after the chain filed for bankruptcy.
The company filed for bankruptcy in September, and its bosses anticipated closing more than 340 stores.
The beleaguered chain is now in the process of closing around 500 outlets, as reported by The Hill.
Sears is in the process of closing its final store in Washington state.
The department store chain now just has a handful of outlets across the US.
Sears was once the largest retailer in the world just decades ago.
A Kohl’s store in Herndon, Virginia—around 20 miles from Washington, DC—will permanently close in the new year.
Meanwhile, a Family Dollar store in Ohio is to close before Thanksgiving.
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