Dunkin' to permanently close 800 US stores in 2020, 8% of US restaurants

Posted 5 days ago

From WWW.FOXBUSINESS.COM

Dunkin' expects to permanently close approximately 800 U. S. locations by the end of 2020, the company said Thursday.

The closures, which include 450 locations in Speedway gas stations that had previously been announced, account for 8 percent of the donut coffee chain's domestic restaurant footprint and approximately 2 percent of its U. S. systemwide sales in 2019, according to a regulatory filing.

The move is said to set up the company's "U. S. system up for continued strong, profitable future growth," the Massachusetts-based company said.

Earlier this month, Dunkin' revealed plans to shutter the Speedway locations after terminating its partnership with Speedway owner Hess. The closures were meant to help the company focus on the chain's independent locations, a representative... (Read more)