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Starbucks shutters Fan, Short Pump locations as part of mass closure
Richmond BizSense • • business
Key Points:
- Starbucks has closed two Richmond locations—one at 400 N. Robinson St. after 20 years and another at the Shoppes at Westgate in Short Pump—as part of a nationwide closure of 250 stores announced last week.
- The closures reflect Starbucks' strategy to shutter locations where customer experience or financial performance is deemed unsatisfactory, according to COO Mike Grams.
- This marks the second consecutive year Starbucks has closed hundreds of stores, reducing its North American footprint to about 18,000 locations.
- The 400 N. Robinson St. building, owned by Lion’s Paw Development, is already attracting potential new tenants, though plans for adjacent mixed-use development have been shelved.
- Lion’s Paw Development recently sold the former Starbucks on Arthur Ashe Boulevard to local Dunkin’ franchisee Gregg Nigro, who plans to open a Dunkin’ there by 2026.
