Last day for Peet's Coffee & Tea stores

Last day for Peet's Coffee & Tea stores

LAKEWOOD, OH (WOIO) - Monday is the last day of business for all

stores in Ohio, Michigan and Pennsylvania.

There are a total of six stores in Ohio, two in Michigan and three in Pennsylvania. Peet's employs 70 people in Ohio. The company is providing employees with six weeks of pay and benefits to get them through the end of January.

Employees and customers shared the same confusion of the reported two-day closure notice. 

Peet's will honor and refund all gift cards purchased at any of the Ohio, Michigan and Pennsylvania stores. Customers may contact Peet's via a website form or via e-mail at

Statement from Peet's:

Peet's began an aggressive U.S. expansion in Summer 2013, and we're seeing incredible growth in new markets like Chicago and D.C. As with any fast growing retail business, we continue to learn and make adjustment along the way to meet our long-term goals.

We recognize this is difficult timing, and we are providing our employees at least six weeks of pay and benefits support that will take them through the end of January. This means we're paying them at their normal hourly rate through the end of this year plus at least one month of severance support. For the majority of these employees who worked both at Peet's and Caribou, they will receive additional severance based on their collective tenure with both companies.

This is not an easy decision, but it's important that we responsibly manage our costs and begin 2015 with a stronger focus on our top performing markets, including Chicago, D.C., Boston and California.  

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