Starbucks CEO indicates store closures led by safety issues
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Starbucks (NASDAQ:SBUX) CEO Howard Schultz indicated that there are more store closures in the coming times; it has announced 16 store closures in major cities citing safety issues.
As seen in a leaked video footage being addressed to the company employees by the CEO, Business Insider cited "This is just the beginning. There are going to be many more."

The company announced plans to close 16 locations across Los Angeles, Seattle, and Portland, Oregon, and other cities by July end amidst challenging incidents, including drug use and instances of disturbed patrons.
Schultz said he'd heard retail employees express concerns about safety in listening sessions executives have held over the past year, including those related to mental illness, homelessness, and crime.
Starbucks denied that it was targeting pro-union stores.
It added that it had given local leaders the authority to close bathrooms, reduce seating, and take other measures to keep conditions safe for employees.