Subscribe / Renew
|► Subscribe to our Free Weekly Newsletter|
July 31, 2020
CANTON, Mass. (AP) — Dunkin' Brands Inc. expects to close up to 800 underperforming U.S. stores this year as it tries to shore up its portfolio in the wake of the coronavirus pandemic.
The company had previously announced the closure of 450 stores within Speedway gas stations. But the company said Thursday it's targeting an additional 350 stores, most of which are unprofitable. Closing the restaurants would allow their franchisees to reinvest in newer stores in higher-traffic areas, Dunkin' Chief Financial Officer Katherine Jaspon said during a conference call with investors.
. . .