Metro-East News

Starbucks CEO announces 379 Teavana store closures

Starbucks is closing all of its 379 struggling Teavana stores, which means St. Clair Square mall in Fairview Heights will say goodbye to another retailer.

The coffee company acquired the U.S. mall-based chain in 2012, the Associated Press reported.

While Starbucks officials said global sales at its signature coffee chain increased by 4 percent for the quarter that ended in the beginning of July, the Teavana chain has seen disappointing sales growth.

“We felt it was an appropriate time to take the decision and begin shutting down those stores,” Starbucks CEO Kevin Johnson said to the AP.

Starbucks employs more than 300,000 people in 75 countries. The company’s website states there are currently 25,734 Starbucks coffee shops operating both here in the U.S. and internationally.

In a recent interview with the BND, St. Clair Square manager Michael Hagen set the record straight about 25 stores at the shopping center.

He said no major stores were slated to leave the shopping mall. However, the mall has closed several clothing stores in the last two years.

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