Starbucks to Close All Teavana Stores Including 17 in Los Angeles

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LATimes.com reports: Starbucks Corp. plans to shut down all its Teavana stores as it seeks to improve its financial performance.

The company said Thursday it will close all 379 Teavana locations in the coming year. There are at least 17 in the greater Los Angeles area.

Starbucks acquired the mall-based chain in late 2012, and said this past April that it was reviewing options for it. Starbucks Chief Executive Kevin Johnson noted declining foot traffic at malls.

Read more, LATimes.com

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Starbucks to Close All Teavana Stores Including 17 in Los Angeles
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Starbucks to Close All Teavana Stores Including 17 in Los Angeles
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Starbucks Corp. plans to shut down all its Teavana stores, including 17 in Los Angeles, as it seeks to improve its financial performance.
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