Starbucks has a plan for gradually reopening [CNNMoney.com]
Starbucks Corporation (SBUX)
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Source: CNNMoney.com
Starbucks has a plan for gradually reopening. Here's how it will work New York (CNN) Starbucks is adopting a "monitor and adapt" strategy to reopen some cafes in the US following their closures in mid-March. CEO Kevin Johnson told employees in an open letter that the initiative means "every community will continue to monitor the Covid-19 situation "and decide when to fully reopen their cafes depending on local conditions. Johnson acknowledged the decision is a "human one," based on complex and ever-shifting information. But field leaders will assess the situation in their areas based on four main factors: "the local status of the public health crisis, guidance from health and government officials, community sentiment and store operational readiness." Starbucks started reopening stores in China based on these kinds of factors, Johnson said. In the US some of the company's 15,000 stores have already shifted to drive-thru only, while other locations are offering entryway pickup,
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SBUX
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- 10/29/25 - Miss
SBUX
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- 11/20/25 - Form 4
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- SBUX's page on the SEC website