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Caribou Coffee to convert 88 outlets to Peet's Coffee & Tea
MINNEAPOLIS, April 9 () -- U.S. bistro chain Caribou Coffee said it would close 80 under-performing stores and change brands at 88 other locations.In a statement, the company, which has its headquarters in Minneapolis, said it had "re-visited" its business strategy and made market by market decisions to "best position us for long-term growth."Caribou said it would convert 88 locations to Peet's Coffee & Tea outlets.CNN reported Tuesday the changes will make it hard to find a Caribou outlet in Ohio, Michigan,[url=http://www.isabelmarantsneakersbootss.com/]isabel marant boots[/url], Pennsylvania, Maryland, Virginia, Georgia, Illinois, eastern Wisconsin and Washington.Caribou,[url=http://www.parajumpersjackenoutlet.de/]parajumpers online shop[/url], which was taken private by the Joh.A.Benckiser Group in 2012, will still operate in 468 locations. The Benckiser Group also owns Peet's, CNN said.