Your donuts of Dunkin 'could close for the good by the end of the year
The company is overloading low volume and underperforming locations. Could yours be next?
The stores through the nation temporarily closed their doors in March and April to help prevent thePandemic covidation of propagation Even further. But within eight months that followed, many stores at the national level closed their doors for good. OfBrands of popular clothing ToMovie cinema chainsMany companies have been forced to close stores due to COVID economic difficulties. And unfortunately, your favorite coffee can be the next to go.Donuts of the coffee chain nationwide says it closed 800 stores by the end of this year, and shops in some places look like convenience wounds and urban areas - have become particularly vulnerable to closing. For more details on Dunkin 'donut closures, read it and for a similar business to danger, saveThis beloved coffee chain has just filled a bankruptcy.
Dunkin 'Donuts has already closed more than 600 American stores.
Dunkin 'Brands Group Inc., the company behind Dunkin' Donuts, announced on October 29 which they hadAlready closed 687 cafes in the United States. During their third quarter, which ended on September 26th. It is a vast sub-section of the general plan of the company toClose a total of 800 US locations At the end of the year, they previously announced in July.
"We are almost complete with our initiative, as announced the last quarter, to work with our franchisees to close low volume and underperforming locations as a result of our quality-on-quantity quality development philosophy", Financial directorKate Jaspon said in a statement of October 29th. And for more stores disappearing completely, discover whichWorship Favorite Store Closes All American Locations.
Most of the Dunkin 'donut locations that are closed so far have been in local shops.
By the end of 2019, Dunkin 'Donuts had about 450 locations in Speedway Service Station's convenience stores. However, according to the new report, 447 stores on the 687 Dunkin Total Dunkin 'closed donuts so far have been Speedway locations. Just three stay, and from here 2021, you shouldExpect FINDING MORE SPEEDWAY DUNKIN donuts'. Dunkin 'spokespersonMichelle Kingsaid in July that the company was "on the right track to leave Speedway by the end of 2020." And for more useful content delivered directly into your inbox,Sign up for our daily newsletter.
The donuts of urban Dunkin suffer the most Covid.
Wall Street newspapersaidDunkin 'donut stores in cities have been touched the most difficult During the pandemic, many urban continued to work at home. Jaspon told the newspaper that sales in big cities like New York and Boston continued to fall away from the expectations of performance.
Dunkin 'Donuts also plans to close 350 international locations by the end of the year.
In their report, Dunkin 'Brands said he still plans to permanently close 350 restaurants from Dunkin' and Baskin-Robbins by the end of the year. At the end of the third quarter, 212 international locations were already closed. Dunkin's International's sales for the third quarter decreased by nearly 15% from the same time of last year and sales of Baskin-Robbins International decreased by about 4%. And if you are a big fan, you will be happy to know thatWalmart brings back the only thing that customers missed the most.
However, there may be an opportunity for the new donuts of Dunkin 'to open.
According toWSJThe leaders of society stated that the openings of Storets Dunkin 'donuts exceed expectations despite other closures, which is a positive sign. "For many Dunkin's American franchisees,Close these restaurants They will allow them to make greater reinvestment in the brand, "Jaspon said in a statement. And for more changes in shopping due to the pandemic, make sure you know that you knowThese 4 products steal shelves like Covid surges.