Starbucks closes locations in Ohio as Dutch Bros. Coffee expands presence
What happened
Starbucks plans to close 250 North American stores this year, including many locations in Ohio. Concurrently, Dutch Bros. Coffee is expanding its presence in the state, with two new locations scheduled to open in Springfield this year.
Why it matters
The closures and expansions reflect ongoing competition within the retail coffee market. As Starbucks reduces its footprint, Dutch Bros. Coffee is increasing its operational presence and market share in Ohio.
Starbucks and Dutch Bros. Coffee are involved in competition within the retail coffee market.
Who's involved
- StarbucksAmerican multinational coffee company closing locations in Ohio.
- Dutch Bros. CoffeeAmerican drive-through coffee chain expanding its market share in Ohio.
- OhioState where the competitive expansion and store closures are occurring.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- StarbucksSpeculative
Starbucks might face immediate revenue and market share loss due to location closures in Ohio.
- Dutch Bros. CoffeeSpeculative
Dutch Bros. Coffee could see successful market penetration and increased sales from new location openings in Ohio.
Keep exploring
Part of
Starbucks and Dutch Bros. Coffee are involved in competition within the retail coffee market.Also in this story
- Dutch Bros. Coffee is facing business challenges due to rising commodity costs and negative macro market sentiment.
- Dutch Bros is building data infrastructure that Starbucks took decades to construct.
- Dutch Bros. Coffee CEO stated the company plans to command a leadership position in the retail coffee market.
The entities involved
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Starbucks
American multinational coffee company
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Dutch Bros. Coffee
American drive-through coffee chain
Nothing else this week.
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Ohio
state of the United States of America
Related events
- 7 Brew Coffee acquired Salad and Go locations, while Dutch Bros. Coffee's growth trajectory is noted in relation to Starbucks' expansion.
- Dutch Bros. Coffee has established locations across the state of Oregon.
- Dutch Bros. Coffee opened a new location in Oxford, intensifying local coffee market competition.