Starbucks announced Thursday that all 379 Teavana stores -- which are primarily based in malls nationwide -- will be closed because they have been "underperforming," CNN reported. The move will impact 3,300 workers.

"The company concluded that despite efforts to reverse the trend through creative merchandising and new store designs, the underperformance was likely to continue," Starbucks said in a press release.

Most locations will be shut down by next spring, CNN reported.

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Cox Enterprises CEO Alex Taylor and AJC Publisher Andrew Morse were joined by AJC editors and Atlanta business react during the ribbon-cutting ceremony at the Atlanta Journal-Constitution in Midtown on Friday, January 24, 2025.
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Austin Walters died from an overdose in 2021 after taking a Xanax pill laced with fentanyl, his father said. A new law named after Austin and aimed at preventing deaths from fentanyl has resulted in its first convictions in Georgia, prosecutors said. (Family photo)

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