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The Ratings Game: Starbucks’ Teavana stores are the latest casualty at the mall

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All 379 Teavana shops will close, with about 3,300 workers impacted

Starbucks Corp.’s decision to close all 379 Teavana stores marks the latest mall retail outpost to meet its end.

“Add Teavana to the list of primarily mall-based retailers to bite the dust,” as Instinet analysts put it in a note.

Starbucks SBUX, -9.24%shares slid 8.6% in Friday trading after sales of $5.66 billion missed the $5.76 billion FactSet consensus and the company became “a bit more cautious” about the fourth quarter. The company now expects global same-store sales growth of 3% to 4% for the fourth quarter, and revenue growth on the low end of its 8% to 10% guidance range.

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