Key Metrics
14.78
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-08-03
Key Impacts
Positive Impacts (3)
Negative Impacts (9)
Event Overview
A major corporate restructuring effort by Starbucks involves the strategic closure of nearly 100 Teavana retail locations across the United States over two years. This decision reflects broader retail market adjustments and operational efficiency prioritization under new leadership, impacting the specialty tea segment while redirecting resources toward core business objectives.
Collect Records
Starbucks to Close Nearly 100 Teavana Stores Nationwide by 2026
Starbucks has announced that it will 'sunset'—or permanently close—nearly 100 stores in its Teavana retail line across the United States by 2026 as part of a company turnaround strategy led by CEO Laxman Narasimhan. The decision will affect several locations, including three stores in Tennessee and some in Illinois. The closures are set to take place over the next two years.
The move to shutter the Teavana stores is part of broader company efforts to optimize operations and address underperforming areas within its business. No further operational details—such as the exact reasons behind the closures or the list of all affected locations—were provided in the article. All numbers given pertain to the nationwide scope of the closures (nearly 100 stores), with mention of specific states affected.
No direct quotes from CEO Laxman Narasimhan or other Starbucks representatives were included in the article. The summary of actions is based on information confirmed by Starbucks regarding their plan and timeline for the store closures.