Starbucks Takes the Steam Out of Teavana

In a surprise move, Starbucks announced on Thursday that all 379 Teavana stores, mainly based in malls across the country, have been under-performing and the Teavana brand will be shut down.The closings will impact 3,300 workers. Starbucks CEO Kevin Johnson noted declining foot traffic at malls.“We felt it was an appropriate time to take the decision…