The popular tea retailer DavidsTea DTEA is up 9% in morning trading following Teavana closures.
While DavidsTea does have mall-based locations, the company doesn't restrict itself like Teavana does. McDonald's, meanwhile, has been promoting $1 sodas and $2 McCafe smoothies, frappes and shakes, a strategy the burger chain says helped bring in customers during the second quarter.
Teavana has also had little success competing with Argo Tea for the last few years. Many of them will be shut down by next spring. Starbucks has announced plans to acquire the remaining 50 percent stake of its East China joint venture that it does not already own. The company is committed to operating 5,000 Starbucks stores in Mainland China by 2021, cementing Starbucks' future as a mainly coffee-based business.
The first store Teavana to close its doors will be located in Canada. The majority of brick and mortar Teavana stores are located inside of these former consumer hotspots, so it's no wonder Starbucks Corporation has chose to do away with the flailing company. About 3,300 employees will be impacted by the closings, but will be able to apply for jobs with Starbucks, which plans to hire 240,000 workers worldwide over the next five years. Total revenue was $5.66 billion, less than the $5.76 billion expected.
Iran state TV reported Thursday that the country had successfully tested a rocket that could send satellites into orbit. The International Atomic Energy Agency has repeatedly verified Iran is in compliance with the agreement.
Lamar's " Humble " is up for every technical award except Best Editing , putting it way ahead of the pack. The 2017 MTV VMAs are just a month and a day away and starting this week, voting is officially open.
The venue is close to where MS-13 has committed a string of gruesome murders, including April's massacre of four young men. President Donald Trump will address gang violence in a speech on Friday afternoon, the White House announced.
Plus solid-state batteries use solid electrolytes than than liquid ones, which make them safer than lithium-ion batteries. Reports suggest the new battery will debut in Japan in a model 2022 auto with an all-new platform.
Jamie Callum, Ella Eyre , Lianne La Havas and Marcus Mumford are just four of the 12 judges who created the shortlist. The Hyundai Mercury Prize awards show will take place at Eventim Apollo , Hammersmith on 14 September.
Bilateral ties have been strained since the Indian Army stopped China from constructing a road in Sikkim sector's Doklam area. China has told India repeatedly to withdraw troops from Doklam, which it calls as its own territory.
WhatsApp rolled out the Snapchat like status feature a few months ago and even added a status tab only next to the home tab. We checked with them, and Whatsapp has declined to disclose its monthly and daily active users for India.
Net profit increased to KRW 11.05 trillion from KRW 5.85 trillion a year ago, as sales rose 20 percent to KRW 61.00 trillion. Samsung said its record-high earnings were mainly buoyed by the booming chip market amid rising demand for storage products.
Knife-wielding man goes on deadly rampage in Germany
The incident occurred in a supermarket in the German city, according to reports . "It was definitely a lone attacker". Writing on Twitter , Hamburg police said: 'We have no clear information as to the motive or the number of wounded'.
In subway announcement, Cuomo blames Con Ed
The union supports the subway rescue plan, which calls for fixing signals and tracks and hiring 2,700 workers. Also, the Metropolitan Transportation Authority was accused by the mayor of not spending its capital budget.
Here's how to get a job at Amazon's Lancaster hub
About 80 percent of those openings are for full-time roles, with another 10,000 part-time jobs at the company's sortation centers. This Wednesday, July 19, 2017, photo shows an Amazon Fulfillment Center in Miami.
Woman killed aboard cruise ship off Southeast Alaska
A passenger was detained by the crew, the cruise liner said, adding the ship had authority to detain a person who commits a crime. No word yet on if guests will get a partial refund or credit due to the cruise interruption caused by this death.
Trump continues attacks on Sessions
Corker, the chairman of the Foreign Relations Committee , spoke Wednesday on Washington Post Live. When asked about the future of Sessions, Trump replied: "We shall have to see what happens".
VW's Liaison to US Regulators Is Preparing Guilty Plea
Volkswagen in September 2015 admitted to using so-called defeat devices to evade government emissions requirements. One of eight executives charged thus far, Schmidt was picked up as he tried to leave the country in January.