July 28 (UPI) -- Starbucks announced it will close all 379 of its Teavana locations after the tea shop showed poor sales and little hope of improving.
"Following a strategic review of the Teavana store business, 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 disclosing its earnings.