Dunkin’ will permanently close 800 stores nationwide by the end of 2020, the company announced Thursday.
The restaurant chain formerly known as Dunkin’ Donuts said the 800 locations represent roughly 8% of all Dunkin’ stores in the U.S. A list of affected locations has not been announced, but it will include all 450 Dunkin’ shops at Speedway gas stations and convenience stores, which were previously announced as closing.
Business Insider reports Dunkin’ saw same-store sales fall by 18.7% in the most recent quarter, excluding locations that were temporarily closed by the coronavirus pandemic. The company said sales have been improving weekly, reaching single-digit declines in the week ending July 25, and offset some losses by customers placing more expensive bulk orders amid Covid-19 restrictions.
A large number of companies have been affected by the coronavirus pandemic, filing for bankruptcy or announcing store closures in recent months, including at Ann Taylor, Bed Bath & Beyond, Chuck E. Cheese, Hertz, J. Crew, JCPenney, Men’s Wearhouse, Neiman Marcus, and New York & Co.
CNN reports McDonald’s announced earlier this week that it would close 200 locations, more than half of which are in Walmart stores.
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July 30, 2020 at 09:34PM
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Dunkin’ to close 800 stores nationwide - syracuse.com
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