Dunkin’ Expecting to Close 800 Locations
More sad news for Dunkin’ fans!
A new report from the Dunkin’ Brand Group has announced they may close 800 Dunkin’ Donuts locations including the previously announced 450 Speedway locations.
These closures will mostly involve low-volume sales locations and account for about 8% of all U.S. locations. The onlinepany has also stated that it may close about 350 international locations.
According to Dunkin’, the closures are “part of a real estate portfolio rationalization, being performed in conjunction with its franchisees, with the goal of setting the U.S. system up for continued strong, profitable future growth.”
The onlinepany seems to have high hopes for the future and expects to run as well as could be during these unknown times. In fact, as of July 25th, 96% of Dunkin’ locations in the U.S. are open and the majority of the locations that remain closed are in transportation hubs, on college campuses, or in sports venues that are shut down due to the Coronavirus pandemic.
There is no word yet as to which Dunkin’ locations will close this year.
