Starbucks Corp. said it’s closing four Teavana locations in New York and California. Teavana is the Starbucks brand focused on tea. Three locations in New York will be converted to Starbucks stores and a Beverly Hills location that’s adjacent to a Starbucks will shut down. There are 350 Teavana locations total. The company said it will help staffers affected by the closures find new positions at nearby Teavana or Starbucks locations. Starbucks shares are down 0.6% in Friday trading, but up 41.8% for the past 12 months. The S&P is down 8% for the past year. See also: Starbucks outlook is bright as investmetns in tech and salaries pay off
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