• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Amazon workers on food stamps have tripled despite its record revenue—and it’s just the latest evidence of the new economy of shrinking labor shares

2

Jamie Dimon says the American Dream is slipping away. The dysfunctional baby boomer retirement wave is a major part of the problem

3

After Trump says he doesn't need Congress for his $5,000 'dividend,' House Speaker Mike Johnson says not so fast but vows to try to make it happen

1

Amazon workers on food stamps have tripled despite its record revenue—and it’s just the latest evidence of the new economy of shrinking labor shares

2

Jamie Dimon says the American Dream is slipping away. The dysfunctional baby boomer retirement wave is a major part of the problem

3

After Trump says he doesn't need Congress for his $5,000 'dividend,' House Speaker Mike Johnson says not so fast but vows to try to make it happen
RetailStarbucks

Starbucks Will Now Sell Teavana at Grocery Stores

Phil Wahba
By
Phil Wahba
Phil Wahba
Senior Writer
Down Arrow Button Icon
Phil Wahba
By
Phil Wahba
Phil Wahba
Senior Writer
Down Arrow Button Icon
June 26, 2018, 1:40 PM ET
Google source logo
Add Fortune on Google for similar content.

Starbucks (SBUX) will begin selling packaged Teavana products at grocery stores this year, its latest move to get more mileage out of its tea products and lessen its reliance on its fleet of cafés.

The company said on Monday it will start selling tea sachets in six different flavors this summer on its way to a national rollout over the course of the rest of the year. While Starbucks sells Teavana products at its namesake cafés, it recently lost a major avenue for selling Teavana: nearly a year ago, Starbucks said it would close all 379 Teavana stores, shuttering a chain it bought in 2012 in hopes of diversifying its core business.

In November, it agreed to sell the Tazo tea brand to Unilever for $384 million, adding to the pressure of making Teavana a success. But the company restated its target of having its tea business hit $3 billion over the next five years, including thanks to packaged tea.

Starbucks shares have been trading at three-year lows this week on concerns about slowing growth at its core U.S. cafe business: last week, Starbucks said it would close 150 U.S. stores this year, about triple the usual number, as it looks to shed weaker stores more quickly. In the current quarter through last week, Starbucks’ global comparable sales had fallen short of projections.

This is also just the latest move by Starbucks this year to bolster its presence in grocery stores: In May, Starbucks said that Nestlé, the Swiss maker of Nescafe, would pay it $7.15 billion upfront in cash for the rights to sell Starbucks coffee products in supermarkets, restaurants, and catering operations.

About the Author
Phil Wahba
By Phil WahbaSenior Writer
LinkedIn iconTwitter icon

Phil Wahba is a senior writer at Fortune primarily focused on leadership coverage, with a prior focus on retail.

See full bioRight Arrow Button Icon

Latest in Retail


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Retail


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.