Starbucks to close all Teavana stores, including 4 on LI – New York News

People stand outside the Teavana ‘tea bar’ on October 24, 2013 in Manhattan. (Credit: Getty Images / Spencer Platt)


Starbucks is shutting down its struggling Teavana chain, and relying on customers who spend more on pricier drinks and food to drive up sales at its namesake coffee stores.

The company reported disappointing global sales growth on Thursday, and said it will close all 379 Teavana locations over the coming year. It had acquired the U.S. mall-based chain in 2012, with then-CEO Howard Schultz…

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