At least five Starbucks stores in Philadelphia will close starting Sunday, after the company's CEO announced they will shut down underperforming locations and cut 900 jobs.

The closures come after the company said it was reviewing its North America coffeehouse portfolio in an effort to ensure each location is a "warm and welcoming space with a great atmosphere and a seat for every occasion."

The coffee chain's CEO said it pinpointed the locations that were unable to cultivate the envisioned physical environment for both the customers and partners. It also identified the stores where the company didn't see a path to financial performance. As a result of this review, those select Starbucks locations will be closed.

"Each year, we open and close coffeehouses for a variety of reasons, fr

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