Thursday, September 14, 2017

Courts Not Likely to Force Starbucks to Keep Teavana Stores Open, Experts Say

Image result for teavana storeIn an environment where major retailers are closing stores left and right—take Gap Inc.’s announcement last week that it will close 200 more underperforming Gap and Banana Republic stores—it has struck some industry experts as unusual that one of the country’s largest mall REITs is suing one of the country’s best-known retail brands.

But while the lawsuit filed by Simon Property Group last month against Starbucks has some experts scratching their heads, it is likely a one-off situation, they say.. . . more

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