Following the announcement that 16 Starbucks stores would be closing because of what they said were safety.
Starbucks CEO- Announcement
Starbucks CEO- Video Leaked
Starbucks CEO Howard Schultz said in a video leaked that additional closures were in the pipeline.
Starbucks confirmed the authenticity of the video to Insider however, it did not specify the date.
Starbucks CEO- Authencity
Starbucks did not provide any details about the other stores that could be in the process of being remodeled.
Starbucks CEO- Being Remodeled
The company that makes coffee revealed plans to shut down 16 coffee shops across Los Angeles.
Starbucks CEO- To Shut Down
Seattle, and Portland, Oregon, along with other cities before at the close of July.
Starbucks CEO- Other Cities
As the announcement was made at the time, the Starbucks spokesperson confirmed to Insider.
Starbucks CEO- Spokesperson
Schultz claimed he'd heard retail employees voice concerns over security during listening sessions.
Starbucks CEO- Retail Employees
Performance of Goldman Sachs closely believe that as the economic conditions get worse.
Goldman Sach on Recession
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