Starbucks' Training Shutdown Could Cost It Just $16.7 Million
Police and protestors outside the Center City Starbucks on April 15.
Photographer: Mark Makela/Getty Images
This article is for subscribers only.
Starbucks Corp., scrambling to restore trust after the arrest of two black patrons at a cafe in Philadelphia, announced Tuesday that it’s going to close more than half its stores in the U.S. next month for an afternoon of bias training.
That could set back the company, which booked $22.4 billion in revenue last year, a mere $16.7 million in lost sales, according to Bloomberg calculations.