Starbucks Workers To Strike Over Pride Month Décor: Report
Portfolio Pulse from Shivani Kumaresan
Starbucks unionized stores across the U.S. are expected to strike over Pride month décor after a disagreement between the coffee chain and the union representing baristas. Over 150 stores with about 3,500 workers have decided to participate in the strikes, which could increase to 200 stores by the end of the week.
June 23, 2023 | 12:46 pm
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NEUTRAL IMPACT
Target Corp removed some products from its Pride Collection after facing customer backlash. However, the impact on Target's stock price is likely to be minimal.
Although Target faced customer backlash and removed some products from its Pride Collection, the incident is not directly related to the Starbucks strike and is unlikely to have a significant impact on Target's stock price.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20
NEGATIVE IMPACT
Starbucks unionized stores are expected to strike over Pride month décor, potentially affecting over 150 stores and 3,500 workers. This labor dispute may negatively impact Starbucks' stock price in the short term.
The strike is expected to involve a significant number of Starbucks stores and workers, which could disrupt operations and potentially lead to negative publicity. This may result in short-term pressure on Starbucks' stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100