Roseville Caribou Coffee Shops Will Keep Perking Along

Big changes are brewing at Caribou Coffee.

But the Brooklyn Center-based coffee retailer's restructuring plans, which were announced Monday, won't affect the company's several shops in Roseville.

The company said it plans to close about 80 underperforming coffee shops, including at least two in the Twin Cities, according to the Pioneer Press. Those two stores in the Twin Cities are at 5309 Lyndale Ave. S. in Minneapolis and 6600 Lyndale Ave. S. in Richfield, the newspaper reported.  

Later Monday afternoon, Caribou issued a statement from company CEO Mike Tattersfield. He said:

"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. 

"With that, we will be closing 80 underperforming stores on April 14th, and an additional 88 coffeehouses across Ohio, Michigan, Pennsylvania, Washington D.C., Maryland, Virginia, Georgia, Illinois and Eastern Wisconsin will be converted to Peet’s Coffee & Tea locations over the next 12 to 18 months.

"Going forward, Caribou Coffee will be made up of 468 locations across Minnesota, North Dakota, South Dakota, Western Wisconsin, Iowa, Kansas, North Carolina, Denver, and ten international markets. While the decisions we’ve made have been difficult for our team in Minneapolis, as well as our team members across the country and our guests and fans everywhere, we are working to make this transition as seamless as possible for the Caribou community.

"We look forward to continuing to deliver extraordinary experiences to our guests and fans, and thank everyone for their passion and commitment to Caribou. For any questions, please contact 888.CARIBOU."

News of the Caribou closings began leaking following a company conference call Friday morning. 

In Roseville, Caribou Coffee has six shops  including ones in Rosedale Center, Byerly's supermarket and one connected with a Bruegger's off of Lincoln Drive. 

Statement on Facebook 

On Friday Caribou responded to an Iowa customer's Facebook query with this statement:

Hi Rikki, retail locations in Iowa will remain operating, as well as retail locations in Minnesota, North Dakota, South Dakota, Western Wisconsin, North Carolina, Kansas and Denver. Closing stores outside of these areas was a tough decision. However, we’re excited to be able to renew our efforts in these markets. Please contact 888.CARIBOU with further questions - thank you for reaching out to us.

German Firm Buys Caribou and Peet's

Caribou Coffee, headquartered in Brooklyn Center, MN, is the second-largest java chain in the United States behind Starbucks. In December 2012, German conglomerate Joh. A. Benckiser Group said it would be buying the publicly traded Minneapolis-based Caribou Coffee Co. for $340 million.

Earlier in 2012 it bought Peet’s Coffee & Tea for $1 billion. Peet’s Coffee was founded in Berkeley, CA, and is now headquartered in Emeryville, CA. The bulk of its stores are located in California. The company also maintains stores in Colorado, Illinois, Massachusetts, Oregon and Washington state.

In March, Caribou opted not to go ahead with plans to put shops inside J.C. Penney stores, according to Bloomberg.

The company has plans to start construction of a new coffee shop in Oakdale.

For Roseville news and information, _subscribe to our free newsletter. Also, like us on Facebook and follow us _on Twitter_