Peet’s Coffee and Tea Closing Ohio stores
Peet’s Coffee and Tea is closing its doors in Ohio, Michigan, and Pennsylvania.
The coffee chain said the decision is not an easy one, but was a based on an assessment of its new markets. The company is now focusing on its top-performing markets like Chicago and Washington D.C.
The store closures include six in Ohio, two in Michigan, and three in Pennsylvania.
Peet’s Coffee and Tea is providing employees with six weeks of pay and benefits through the end of January. They will be paying them their normal hourly rate through the end of the year plus at least one month of severance support. Some employees will receive additional severance based on their tenure with Peet’s Coffee and Tea and Caribou Coffee.
Peet’s Coffee and Tea bought Caribou Coffee in 2012.