Starbucks will close seven stores in San Francisco. The company says this is because it regularly looks at its store map to find underperforming locations. However, it could be because San Francisco is falling apart. (Here are the best independent coffee shops in each state.)<\/p>\n
According to CNN, \u201cEach year as a standard course of business, we evaluate the store portfolio to determine where we can best meet our community and customers\u2019 needs.\u201d That may be fair enough. Starbucks has 37,222 locations around the world. Of these, 17,592 are in North America. The stores drove revenue of $9.2 billion last year.<\/p>\n
San Francisco was one of the world\u2019s most beautiful cities until recently. It has a number of iconic buildings and some of the most expensive hotels in America. San Francisco and San Jose were home to the richest industry in the world as America\u2019s tech center.<\/p>\n
Since the start of the pandemic, the city\u2019s property crimes have soared. Downtown has almost been taken over by the homeless and drug addicts. Both tourists and residents believe downtown is unsafe, and foot traffic has dropped to a trickle of people.<\/p>\n \t\t\t\t