Starbucks will be closing over 8,000 stores in the US for a day for racial bias training, which was announced on Tuesday. This all started from a local store in Philadelphia. Two black men were arrested after asking to use the restroom without making a purchase. This led to protests and boycotts worldwide, as well asthe announcement made by Starbucks.
Closing Starbucks may not seem like a huge deal for some, but for others, it is an outrage. Closing around 8,000 stores just to give 175,000 employees training on anti-racil bias will cause this chain to lose about $12 million in revenue. This proves that this problem is Starbucks' priority.
This event has multiple effects along with shutting down stores for a day. Many customers and investors are reevaluating their trust and confidence in using Starbucks. Many frequent customers may have to find another local coffee shop and hope this incident will never happen again.