Starbucks closing all Teavana stores

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SEATTLE — Coffee giant Starbucks plans to shut down Teavana stores nationwide. Most locations will close by the spring.

Starbucks said the stores, which are primarily based in malls across the country, have been underperforming.

About 3,300 workers will lose their jobs, though people employed at Teavana locations will be invited to apply for jobs at Starbucks locations.

There are four Teavana stores in Colorado: On the 29th Street Mall in Boulder, Flatiron Crossing in Broomfield, Cherry Creek Mall in Denver and Park Meadows in Lone Tree.

The coffee giant first announced plans to purchase the struggling tea retailer in 2012 for $620 million.

Teavana’s announcement is the latest in a wave of store closings inside American malls.

Retailers from J.C. Penney to GameStop have announced plans to shut down brick-and-mortar locations as they struggle to keep pace with e-commerce sites.

There were 5,300 store closing announcements in the first six months of the year, triple the number during the same period last year, according to an analysis by Fung Global Retail & Technology.

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