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Landlords dig in as store closings escalate

On December 4, a judge in Indianapolis ruled in favour of America’s biggest regional shopping centre owner Simon Property Group against Starbucks, which had announced earlier in the year that it planned to close all of the 78 Teavana stores that it operated in Simon’s centres. Simon sought, successfully, an injunction to prevent the Teavana stores from closing before their leases expired. It was a victory that may have knock-on effects. Retailers planning to shutter stores in the future are