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A strike by workers against Starbucks Inc. (NASDAQ: SBUX), which initially closed stores in three cities, has expanded to nine states. That figure could grow, and Starbucks faces a hit to its sales and the possibility of negative public opinion.
24/7 Wall St. Key Points
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A Starbucks Inc. ( NASDAQ: SBUX ) workers strike has expanded to nine states.
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If it continues to grow, the strike could affect the company’s already anemic U.S. results.
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Effects of the Strike
Colorado, Missouri, New Jersey, New York, Ohio, and Pennsylvania stores joined the labor action during the weekend, according to CNN. This added to locations in Chicago, Los Angeles, and Seattle. The union representing the workers, Starbucks Workers United, said its actions would close hundreds of stores, but whether that is true is impossible to prove. It also said the strike involved over 10,000 workers, a number that also cannot be confirmed.