I wouldn't put any spin on VillageTea when a major player is closing all 379 of its tea stores. Total niche market risk play
Starbucks Is Closing All 379 of Its Teavana Stores. It's not tea time for enough people for Starbucks' (SBUX, +0.80%) taste. The coffee chain announced on Thursday that it was closing all 379 of its Teavana stores, saying that the mall-based chain's “underperformance was likely to continue.”Jul 27, 2017