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Starbucks Union Assesses Next Steps as Strikes Culminate -- WSJ
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Bear of the Day: Starbucks (SBUX)
On Christmas Eve, Starbucks experienced the largest strike in history, with nearly 300 stores closed across the USA.
① Since the union at Starbucks initiated a strike last week, the strike has now lasted for five days, affecting more than 300 stores across the USA, with an estimated 5,000 employees expected to join the strike; ② Starbucks declined to comment on the estimated impact of the strike on overall Operation, only stating that the expected impact of the strike is "very limited."
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