If remote work has you missing your daily Starbucks cold brew (with 8 shots of espresso), you aren’t alone.
According to the coffee colossus, COVID-19 — and the related fall in foot traffic — led to a revenue decline of $2.3B last quarter.
As highlighted by Medium’s Steve LeVine, Starbucks is only one data point in a much bigger story: the destruction of the multitrillion-dollar office support economy.
From airlines to Starbucks, a massive part of our economy hinges on white-collar workers returning to the office Full Story
