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Starbucks to close Teavana stores, including two locally

Starbucks said it will close all 379 of its Teavana stores, a roster that includes locations at the Walden Galleria and Boulevard Mall.

All of the stores will close over the coming year, with the majority closing by next spring, Starbucks said. The company said many of the Teavana stores, which are mainly based in malls, "have been persistently underperforming."

"Following a strategic review of the Teavana store business, the company concluded that despite efforts to reverse the trend through creative merchandising and new store designs, the underperformance was likely to continue," the company said.

About 3,300 employees will be affected by the closings, and they will be invited to apply for jobs at Starbucks stores.

 

 

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