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2024-08-29 03:53:39
Missing context: the company is also closing locations in Texas and Ohio citing low sales. The company also stated they hope to be optimize their footprint through this move, making no mention of this reflecting increases in wages, [Link]
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2024-08-29 18:28:17
In addition to California, the company is closing two locations in Texas. The Texas minimum wage is $7.25 per hour. The company cited lower demand and proximity between locations "cannibalizing" sales as the reasons. [Link] [Link]
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2024-08-29 23:47:52
NNN shake shack is leaving all California locations but they’re not leaving ALL Texas or Ohio. So obviously that means they’re leaving because of the high wages. The other shops just happen to be closing the same time.
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2024-08-30 06:57:17
Incorrect note - Shake Shack is NOT closing "all" California locations as the note claims - just 6 of their 20+ locations. So not only is the note a biased assumption, it's a biased assumption based on another incorrect assumption. [Link]
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