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Analyst Doesn't Expect Starbucks Sales To Be Hit By New 'Third Place Policy'

Starbucks Corporation SBUX 0.07% responded to criticism on Monday after it announced a new “Third Place Policy” over the weekend allowing anyone to use their cafes — even if they don’t purchase anything. The policy is part of Starbucks’ plan to combat racial bias in its stores.

While the announcement drew support from some, the most vocal commenters stood in opposition, complaining that there wouldn't be enough seats for paying guests.

Others, such as Fox News’ Rob Schmitt, said they expect Starbucks stores to become homeless shelters, particularly in cities. Source

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