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Starbucks to close all Teavana stores by spring 2018

Starbucks will shutter all 379 Teavana locations by spring 2018, the company said Thursday.

"Following a strategic review of the Teavana store business, the company concluded that despite efforts to reverse the trend through creative merchandising and new store designs, the underperformance was likely to continue," the company said in a statement.

The coffee giant said last quarter...