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Time for the last latte as Starbucks in Wells closes doors

By journalwells  |  Posted: October 05, 2012

Starbucks in Wells will close for the last time on Sunday

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Starbucks in Wells will close its doors for the last time on Sunday, October 7.

The international coffee giant has been in Wells since 2006 when it moved into the former Wine Rack store but the froth appears to have been blown off their cappuccino.

Starbucks would neither confirm or deny their reasons for leaving Wells but it comes in the wake of reports of rising business rents in the city and a record number of coffee outlets.

In July it emerged that Wells had seen an increase of 45.5 per cent in business rents over the last five years.

The report, by retail analysts Colliers, suggests that the increase has been due to chain stores wanting to move in to Wells and having to compete for the few vacant shops.

As an international chain store Starbucks arrived amid concerns that Wells was losing its reputation for small, independent retailers.

However, having been here for over six years they will now leave a sizeable hole in the High Street.

In a time when the economy is struggling and many high streets across the country have large numbers of empty shop fronts this could be a concern.

While the shop remains empty the other coffee shops in Wells - the city has more coffee shops per head of population than central London - could see a boost in trade.

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