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CaffeineWire: Coffee Bean Now Closing Stores?

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Spotted by Yo! Venice

Spotted in Venice, another chain coffee house calling it quits. Does this mean locally-based Coffee Bean & Tea Leaf is on the Starbucks fast-track to "profitability?" Not really. Reps tell us the Coffee Bean on Windward is simply relocating to a higher traffic spot on Lincoln and Washington in Marina del Rey. It's "strategic growth," meaning the company isn't opening thousands of stores and then closing, say, 600 in a year. Also unlike its competition, CB is still expanding around the country, albeit slowly, and going gangbusters internationally. They did, however, add a yogurt-based Ice Blended to the menu. Ok, that can stop.
· Coffee Bean on Windward Closed [Yo! Venice]
· Starubucks Closures [~ELA~]

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