Site Search
Google Search
Breaking News: Pentagon admits it had a UFO program, claims it ended in 2012     - | -     A conflict is brewing between Mueller and Trump's transition team over obtained emails     - | -     Large Swathes of Southern California Are in Ruins Thanks to the Thomas Fire     - | -     Landslide Sweeps Through Village In Southern Chile     - | -     Suicide Bombers Attack Church In Pakistan, Killing Nine     - | -     Prince Harry And Barack Obama Display Friendship
Starbucks Has To Keep Failing Teavana Stores Open
Get Business & Technology Alerts

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
FREE
AllMediaNY AllMediaNY AllMedaiNY