Starbucks has just announced it will be closing all 379 of its Teavana stores. Most are to be closed by Spring in 2018. Starbucks purchased the struggling Teavana in 2012. These closings will effect over 3000 workers.
Starbucks does say they are expanding their coffee stores and gradually add 240,000 jobs world-wide over the next five years. There will be major expansion in China as they expand their coffee-based shops.
Teavana stores are found mostly in malls. Starbucks will continue to sell Teavana products in their Starbucks shops.