Starbucks’ tea stores flop, Fresno shop to close
All 379 Teavana stores will close, including the location at Fresno’s Fashion Fair.
Parent company Starbucks announced the closures Thursday, saying the mall-based stores were “persistently underperforming.” Starbucks bought the chain for $620 million in 2012.
Teavana sells tea, teapots and mugs and often gives out samples of freshly brewed tea at Fashion Fair.
An employee at the Fresno store said they haven’t set a closing date yet. The majority of stores will close by spring of 2018, according to Starbucks.
About 3,300 Teavana workers will lose their jobs. They will have the opportunity to work at Starbucks, the company said.
Bethany Clough: 559-441-6431, @BethanyClough
This story was originally published July 28, 2017 at 11:47 AM with the headline "Starbucks’ tea stores flop, Fresno shop to close."