Starbucks Is Closing Thousands of Stores for Racial Bias Training. Here’s How Much Money It Could Lose

Source: Time

By ALEX FITZPATRICK

April 17, 2018

Starbucks is closing over 8,000 company-owned stores for racial bias training during an afternoon in May, the company announced Tuesday.

The news comes as the Seattle, Wash.-based firm is being criticized after two black men were arrested in a Philadelphia Starbucks store after asking to use the restroom without making a purchase. The incident has led to protests and boycotts nationwide, while the manager involved in the situation has since left Starbucks’ Philadelphia location where the arrest took place.

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“Closing our stores for racial bias training is just one step in a journey that requires dedication from every level of our company and partnerships in our local communities,” said Starbucks CEO Kevin Johnson in a statement Tuesday.

Closing thousands of stores could be costly for the company.

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