Alsea the company that runs Starbucks in Mexico and Latam as well as parts of Europe has gotten very aggressive about closing stores which they think are underperforming.
Some demographics for some of the stores from when they first opened them have shifted and/or they’ve now been able to score better locations even if it’s just a few blocks from the closed stores.
This is happening in Spain too. I’ll find that a Starbucks which had been around for 10 years has closed, only to see a new and nicer one 3 blocks down the street.
Some demographics for some of the stores from when they first opened them have shifted and/or they’ve now been able to score better locations even if it’s just a few blocks from the closed stores.
This is happening in Spain too. I’ll find that a Starbucks which had been around for 10 years has closed, only to see a new and nicer one 3 blocks down the street.