Starbucks' tea stores flop, Fresno shop to close – Fresno Bee

All 379 Teavana stores will close, together with the placement at Fresno’s Fashion Fair.

Guardian firm Starbucks announced the closures Thursday, saying the mall-based mostly stores have been “persistently underperforming.” Starbucks purchased the chain for $620 million in 2012.

Teavana sells tea, teapots and mugs and sometimes provides out samples of freshly brewed tea at Trend Honest.

An worker on the Fresno retailer mentioned they haven’t set a cut-off date but. The vast majority of stores will close by spring of 2018, in accordance to Starbucks.

About three,300 Teavana staff will lose their jobs. They are going to have the chance to work at Starbucks, the corporate mentioned.

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