The European company that owns Caribou Coffee just announced that it is restructuring Caribou. What makes it more interesting is the same company owns Peet’s Coffee & Tea….my favorite coffee.
Caribou is closing underperforming stores and converting some other locations to Peet’s. Peet’s would be considered a premium coffee and Caribou a second tier brand….though in reality the coffees are similar.
Here in Cary one Caribou will close. The other is a busy location that seems to have a loyal following….quite different from the Starbucks a few blocks away.
The plus side of the change is that Peet’s expands its market….the downside is that Caribou resizes its market.