Starbucks
In June, the huge coffee company notified plans to shut down 400 stores over a 1 year 8 months period as claimed by CNN, while opening up 300 new stores suited for carryout and pickup options. Starbucks saw a 5% net earnings decrease in the second quarter of 2020 compared to the previous year, a drop assigned to the COVID-19. Starbucks was founded on March 31, 1971, in Seattle, Washington, the United States By Gordon Bowker, Zev Siegl & Jerry Baldwin. The Seattle-based company is putting its attention on stores that can better serve carry-out, curbside pickup, and drive-thru. Shoppers reflect not only the expectation of ongoing in-person dining restrictions due to COVID-19 but also a shift to better serve U.S. purchasing behavior. The chain says 80% of its United States transactions pre-pandemic were “on-the-go,” ordered either on the Starbucks app or the drive-thru.