Starbucks has a Teavana problem
This post is part of the On the Margin blog.
For years, Starbucks Corp. has been reminding us about the changing retail landscape. And in 2017, that is definitely happening. Retailers are closing stores and filing for bankruptcy at levels not even seen during the recession.
“We anticipated and we saw very early on that there was going to be a very, very significant disruptive and almost cataclysmic change in the landscape of physical retailers,” Starbucks executive chairman Howard Schultz said. “We’re in the nascent stage of that. And there are going to be many, many losers.”
One of those