In a surprise move, Starbucks announced on Thursday that all 379 Teavana stores, mainly based in malls across the country, have been under-performing and the Teavana brand will be shut down. The closings will impact 3,300 workers. Starbucks CEO Kevin Johnson noted declining foot traffic at malls.
Read more: http://theteamaestro.blogspot.com/2011/08/teavana-elephant-in-room.html?source=Snapzu
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