President Trump announced that Starbucks CEO would join other restaurant industry leaders in advising the White House on America's economic revival. On Thursday, Starbucks CEO Kevin Johnson announced that the company is rolling out plans to reopen stores that shuttered during the coronavirus pandemic, using different store formats and timing in different areas. The coffee giant is predicting a return to normal operations in June.
"This is prompting many to define the next steps that will appropriately prioritize health concerns while, at the same time, take thoughtful and measured steps to serve our communities," Johnson continued. converting many locations into drive-thru and delivery-only businesses. The company allowed all workers to be paid whether or not they came to work, with those who did go to work receiving $3 extra per hour.
Capitalists stay home!
Starbuck's patrons are not dumb. -2020 is a loss year for many businesses, especially food and beverage. Sh*t happens. They'll take a write down and be back at full swing in 2021