Starbucks is feeling a bit of the pain that's affecting the broader retail landscape. The $86 billion coffee behemoth posted third quarter earnings results Thursday afternoon that were softer than what Wall Street was expecting, and announced that it is shuttering its tea-focused Teavana chain.
Amid Caution Over Macro Retail Environment, Starbucks Plans To Shutter All Of Its Teavana Stores
Forbes - 27 Jul 2017 22:57
Starbucks is feeling a bit of the pain that's affecting the broader retail landscape. The $86 billion coffee behemoth posted third quarter earnings results Thursday afternoon that were softer than what Wall Street was expecting, and announced that it is shuttering its tea-focused Teavana chain.
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