Will Hudson Valley Stores Be Among Starbucks’ 150 Closures?
A coffee chain with multiple Hudson Valley locations is going to close 150 locations due to over-saturation.
Bloomberg reported that Starbucks is going to close 150 locations in areas that are over-saturated with Starbucks. The company's growth has not been what executives were hoping for. Starbucks is hoping for a 1% growth at the end of the quarter, which is far less than the 2.9% growth analysts expected. This is Starbucks worst performance in 9 years.
An announcement like this comes on the heels of Starbucks raising coffee prices. The company also closed 800 stores recently for racial-bias training, after 2 black men were arrested for sitting in a Philadelphia Starbucks waiting for a friend.
The Hudson Valley is filled with Starbucks, it would be no surprise if local stores closed. Ironically, a new Starbucks is set to open in Dutchess County.
These are just some of the locations in the area:
- Mid Hudson Center
- Arlington Square
- Poughkeepsie, South Road
- SUNY New Paltz
- NY Thruway Plattekill Rest Area
- Fishkill Ransley Square
- Newburgh
- Rhinebeck, Tops Market
- Target, Newburgh
- Kingston, Massa Drive
- Target, Kingston
- NY Thruway, Ulster Rest Area
- West Point Military Academy
- Patterson, Acme
- Carmel, Route 6
- Somers, Stop and Shop
- Target, Middletown
- Middletown, Orange Plaza
- Woodbury Commons Premium Outlets
- Target, Monroe
- Yorktown
- Target, Mt. Kisco
- Chappaqua
- Briarcliff Manor
- Ossining
- New City
- Pleasantville Memorial Plaza
- Sloatsburg Travel Area
- West Nyack, Target
- Palisades Center
- Suffern
- Nanuet
- The Shops at Nanuet
- Nyack