According to the media reports, calls for boycotting Starbucks products began after the company’s workers union publicly announced its support for the Palestinians, prompting complaints by Starbucks authorities who distanced themselves from the workers, labeling the announced support as the stance of their union.
That however was interpreted as the company’s support for the Israeli regime over the Palestinians, raising calls for boycotting the corporation, with #boycottstarbucks still trending on social media.
Despite delivering better-than-expected sales growth of 8% in its fiscal fourth quarter, the coffeehouse’s share price has decelerated on a week-over-week basis, News Week has reported.
Concerns have now grown among investors that sales would further slash, News Week said, citing data from JPMorgan analysts that signaled a “material slowing” at Starbucks in November.
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