Site Search
Google Search
search button

Breaking News:

US Limiting the Number of Refugees It Will Allow Even More in 2019      - | -     Trump Orders DOJ to Declassify Materials from Russia Investigation      - | -     Bloomberg Looking at Possible Presidential Run as Democrat, Despite Not Sharing the Same Views     - | -     Jill Biden Hints She and Joe May Be Heading for a 'Fight' in 2020      - | -     GOP Congressman Invokes 'The Deep State'
Starbucks Has To Keep Failing Teavana Stores Open
Get Business & Technology Alerts

viewsViews 194
4 Dec 2017 09:12 PM EST

The New York Post reports, a judge is forcing Starbucks to keep 77 failing Teavana stores open in a ruling that has chilling implications for the entire retail industry.
In July, Starbucks said that it planned to close all 379 of its Teavana stores by the end of the year. The stores are primarily located in shopping malls.
Mall operator Simon Property Group responded by suing Starbucks. This in order to keep the company locked into its leases for the 77 Teavana stores that are located in its malls.
Simon argued that the closure of Teavana stores could trigger additional store closures in its malls. This at a time when shopping centers are already under pressure from falling foot traffic and widespread retail bankruptcies.

Post Your Comment
Excellent Very Good Good Fair Poor

Recently Posted Comments
AllMediaNY AllMediaNY AllMedaiNY