Starbucks Training Shutdown Could Cost It $16.7 Million

www.bloomberg.com

Starbucks, scrambling to restore trust after the arrest of two black patrons at a cafe in Philadelphia, announced that it’s going to close more than half its stores in the U.S. next month for an afternoon of racial bias training. Starbucks will shut down to train nearly 175,000 employees across U.S. stores. It booked $14 billion in sales last year across its 9,412 stores in the Americas. So calculated on a per-store basis, it generated an annual $12.2 billion from the 8,222 stores closing their doors for the afternoon in the U.S. The average per day: roughly $35.5 million.

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