On October 2nd, Starbucks announced that it would close 211 stores in the United States and Canada again to cut operating costs.

According to the statistics of the All-American Restaurant Association, the catering industry has become one of the industries that have been seriously affected by the COVID-19 epidemic, and it is estimated that the United States will lose $241 billion in 2121.

according to the data of Starbucks financial report, the total revenue in the fourth fiscal quarter of this year ended in September was $6.213 billion, down 8.1% year-on-year; The net profit was $393 million, down 51.1% year-on-year. Compared with the same period last year, the profit was "halved". In terms of operational data, global same-store sales plummeted by 9%.

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The catering industry in the United States has been hit hard

So far this year, under the repeated impact of the COVID-19 epidemic, the catering industry in the United States has been hit by "11,111 points of violence". According to the statistics of the National Restaurant Association of the United States, the catering industry is one of the industries that are seriously affected by the epidemic. It is estimated that the catering industry in the United States will lose $241 billion this year.

on the whole, there are many big names among American enterprises that are in trouble due to the epidemic this year, including Starbucks. In fact, as early as June this year, Starbucks said that it would close nearly 411 stores in the Americas in the next 18 months, and the number of stores originally planned to open in the United States would be reduced by nearly half. If the closed stores are counted, Starbucks has only opened 51 stores in the Americas this fiscal year.

In addition, the recent resurgence of the American epidemic is undoubtedly worse for enterprises, and more and more enterprises will face the risk of bankruptcy. S&P global market intelligence statistics show that so far this year, more than 511 large-scale enterprises in the United States have filed for bankruptcy, which has reached the highest level in the past decade.