One week into what baristas have threatened to make the “largest, longest” strike in Starbucks' history, the Workers United union said it is adding more than two dozen new cities and stores to its strike count. The union said Thursday it will now be striking at 95 stores in 65 cities, with some 2,000 baristas now engaged in the action.
One week into the Starbucks Workers United strike over unfair labor practices, union protests have expanded to 30 stores in 25 new cities, including disruptions at the company's largest East Coast distribution facility in York, PA, bringing the total to 95 stores across 65 cities participating in the open-ended ULP strike.
SBUX slips 15% as rising costs, soft traffic and a slow turnaround pressure margins despite early signs of stabilization.
Starbucks stock (NASDAQ: SBUX) has had difficulty keeping up in 2025. In the last year, the S&P 500 has outpaced it by 14%, while Starbucks has declined by 14%.
Zacks.com users have recently been watching Starbucks (SBUX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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Starbucks Workers United launched an open-ended strike in more than 40 cities Thursday on Red Cup Day, one of the chain's biggest sales days of the year. CNBC's Kate Rogers has the details.
The coffee chain says union members make up only 4% of its workers.
Starbucks strike hits Red Cup Day as over 1,000 baristas walk out at 65 stores nationwide. Union workers are protesting stalled contract talks.
More than 1,000 Starbucks unionized baristas in over 40 U.S. cities launched an open-ended strike on Thursday, the union said, escalating their push for a collective bargaining agreement over pay and other benefits at the coffee giant.
Starbucks Workers United launched a strike in at least 40 cities and 65 stores on the day of chain's Red Cup Day sales event. The open-ended strike, which will start with about 1,000 baristas and could expand in the coming days, could disrupt Starbucks' key holiday season.