Starbucks bosses 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 stable for over 30 years.
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But the café, located in Pacific Heights, a neighborhood in San Francisco, will soon be a thing of the past.
This is because its doors will close on December 1, according to KRON-TV.
The location has been a fixture in the area for decades, first opening its doors in 1993.
Bosses sought to downplay the lockdown, describing it as a “normal process.” a job“.
“As part of Starbucks A company spokesperson said: “In the standard course of business, we continually evaluate our business to ensure a healthy store portfolio.”
The company confirmed that workers who will be affected by the closure will be able to move to another store.
The US Sun has contacted Starbucks for comment.
It is not yet known what will replace the café once it closes.
But local venture capitalists are optimistic about the future.
“We are excited about the opportunity to fulfill our mission in the Upper Fillmore District and replace this retail chain tenant with an exciting tenant Small business “Operator and entrepreneur,” Cody Allen, of the Upper Fillmore Revitalization Project, told SFGate.
Allen revealed that the company has been inundated with interest from potential tenants.
A slew of Starbucks locations have closed across the United States in recent months.
In June, a Starbucks in downtown Sacramento closed, Fox affiliate KXTL reported.
The Chiefs closed a downtown Seattle outlet in September.
The closure came just weeks after bosses decided to shut down two other outlets in the city.
The United States is preparing to close 45,000 stores
Experts have warned that about 45,000 brick-and-mortar stores may close their doors in the next five years.
Many major retailers have announced the closure of their stores or gone out of business altogether in recent years.
Chains like Foot Locker, Sally Beauty, Tuesday Morning, Shore City, Z Gallerie, and Mitchell Gold + Bob Williams have gone out of business.
Bed Bath & Beyond has closed all of its brick-and-mortar stores and is now an online-only retailer.
The retailers most affected have been apparel, consumer electronics, sporting goods, hobbies, books, music and home furnishing stores since the beginning of 2019.
UBS expects the total number of retail stores to decline by 45,000 from 958,000 to 913,000.
Despite this, the report says some stores should thrive while others decline.
Retailers like Walmart, Costco, Home Depot and Target could be among the winners, she said.
The presidents did not specify the reason for the closure.
The Starbucks kiosk at the Lehigh Valley Mall in Pennsylvania — located about 65 miles from Philadelphia — closed in September, the U.S. Sun reported.
Starbucks, which has nearly 16,000 outlets across the United States, is not the only company to reduce its store portfolio.
A wave of Big Lots outlet closures swept the country after the chain declared bankruptcy.
The company declared bankruptcy in September, and its bosses expected to close more than 340 stores.
The beleaguered chain is now in the process of closing about 500 outlets, as reported by The Hill.
Sears is currently closing its last store in Washington state.
The department store chain now has a few outlets across the United States.
Sears was once the world's largest retailer just decades ago.
The Kohl's store in Herndon, Virginia, about 20 miles from Washington, D.C., will close permanently in the new year.
Meanwhile, a Family Dollar store in Ohio will close before Thanksgiving.
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