4/08/2013 02:23:00 PM

Caribou Coffee Closing 80 Locations, Turning Some into Peet's

Image via Flickr/mastermaq
If you grew up in the Midwest, odds are you've had a cup of joe at a Caribou Coffee. But word comes today that the chain, which is in 15 states, is shuttering 80 outposts and turning some 88 into Peet's Coffee & Tea, reports Kare-11. In a written statement the company explained, "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." Read more about this here. [via Consumerist]

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