Dunkin’ Could Close 1,150 Global Locations
By Jonathan Maze of Restaurant Business,
Dunkin’ could close as many as 800 U.S. locations this year, and another 350 internationally, as part of a global effort to reassess its real estate portfolio and shed locations that don’t fit with the company’s long-term plan. The company revealed the possible closures Thursday, saying that it is working with operators to close the locations. CEO Dave Hoffmann said the closures would be concentrated on “off-strategy locations” that typically have “low average weekly sales.”
The 800 U.S. restaurants slated for closure includes 450 restaurants inside of Speedway locations Dunkin’ previously said were slated to close.
“Since this management took over, we have been focused on quality over quantity,” Hoffmann said.
He said that as the company looked at its future strategy, “these locations weren’t part of that future. They were unprofitable for franchisees. We felt like it was the right management move.”
