Stores also closed Jan. 30 in the South Bay communities of Manhattan Beach<\/a> and Redondo Beach<\/a>.<\/p>\n In a statement emailed to the Southern California News Group, a Peet\u2019s spokesperson declined to say how many stores would be closed in Southern California. The spokesperson did state that the chain made a \u201cdifficult decision\u201d to close a number of Peet\u2019s Coffee locations by the end of January but declined to elaborate.<\/p>\n \u201cThese closures reflect a broader effort to align our business with long-term growth priorities and current market conditions,\u201d the spokesperson said. \u201cWe are deeply grateful to our incredible employees and loyal customers for their continued commitment to the brand. As we move forward, we remain dedicated to the quality, craftsmanship, and heritage that have defined Peet\u2019s for the past 60 years, while embracing new opportunities to innovate and grow.\u201d<\/p>\n In December, roasted coffee sold in stores cost about 33.6% more than it did a year earlier, rising to an average $9.053 per pound from $6.776 per pound, according to the Bureau of Labor Statistics. Along with coffee bean supply shortages, widespread import tariffs imposed by President Donald Trump on top coffee producers in Brazil and Vietnam were to blame for the price increases.<\/p>\n Over a week ago, unionized workers at one of the chain\u2019s Northern California locations wrote<\/a> on Instagram that Peet\u2019s Coffee closed 27, or 9.5%, of its 283 locations nationwide after Keurig Dr. Pepper<\/a> launched its all-cash takeover of JDE.<\/p>\n As of Feb. 3, 2026. Peet\u2019s<\/a> reported 256 stores nationwide, including 166 in Northern California and 36 in Southern California. Peet\u2019s spokesperson declined to specify how many were company-owned or franchised locations. In 2024,<\/a> Peet\u2019s said that it had 199 company-owned locations, with 168 in California.<\/p>\n Peet\u2019s was founded by Dutch immigrant Alfred Peet, a German labor-camp survivor whose family ran a coffee-roasting business. The first location opened in Berkeley in 1966, with Peet\u2019s eventually going public in 2001. It later went private in 2012 and again went public on the Euronext Amsterdam stock exchange in 2020.<\/p>\n Pete\u2019s Coffee on 17th Street in Costa Mesa, CA, on Tuesday, February 3, 2026. Several Orange County locations have closed as the coffee chain\u2019s parent company, JDE Peet\u2019s, is in the midst of an $18 billion takeover by Keurig Dr Pepper. (Photo by Jeff Gritchen, Orange County Register\/SCNG)\n<\/p>\n Pete\u2019s Coffee on 17th Street in Costa Mesa, CA, on Tuesday, February 3, 2026. Several Orange County locations have closed as the coffee chain\u2019s parent company, JDE Peet\u2019s, is in the midst of an $18 billion takeover by Keurig Dr Pepper. (Photo by Jeff Gritchen, Orange County Register\/SCNG)\n<\/p>\n Pete\u2019s Coffee on 17th Street in Costa Mesa, CA, on Tuesday, February 3, 2026. Several Orange County locations have closed as the coffee chain\u2019s parent company, JDE Peet\u2019s, is in the midst of an $18 billion takeover by Keurig Dr Pepper. (Photo by Jeff Gritchen, Orange County Register\/SCNG)\n<\/p>\n Show Caption<\/p>\n 1 of 3<\/p>\n Pete\u2019s Coffee on 17th Street in Costa Mesa, CA, on Tuesday, February 3, 2026. Several Orange County locations have closed as the coffee chain\u2019s parent company, JDE Peet\u2019s, is in the midst of an $18 billion takeover by Keurig Dr Pepper. (Photo by Jeff Gritchen, Orange County Register\/SCNG)\n<\/p>\n![\"Pete\u00e2\u0080\u0099s](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/02\/1770186610_152_OCR-L-PEETS-CLOSING-0204-JG-03.jpg\"\/)
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