The COVID Crisis: Ouch, Dunkin’ To Close 800 U.S. Locations In 2020

July 30, 2020

Dunkin’ announced on Thursday that it plans to permanently close approximately 800 U.S. locations based on the effects of the COVID crisis.

In its second-quarter earnings report, the chain said the closures are “part of a real estate portfolio rationalization” that involved evaluating its most productive locations.

Dunkin’ said the closures will affect “low-volume sales locations” that pulled in just 2 percent of its total U.S. sales last year.

Dunkin’ said the closures will affect “low-volume sales locations” that pulled in just 2 percent of its total U.S. sales last year. More than half of the locations slated to be closed this year are in Speedway convenience stores.

“For Dunkin’ U.S., same-store sales improved sequentially throughout the quarter, largely as a result of our ability to pivot quickly and introduce new menu items designed to appeal to customers who are now visiting us later in the day,” CEO Dave Hoffmann said in a press release from Consumer Reports.

Store closures accumulate

In the midst of the coronavirus pandemic, a number of retailers have announced plans to pare down their store count. Earlier this week, McDonald’s said it would be closing about 200 “low-volume” locations this year.

Ascena retail group, the parent company of Ann Taylor, LOFT, Lane Bryant, Justice, Catherines, and Lou & Grey announced last week that it was filing for Chapter 11 bankruptcy protection. Ascena said it would be reducing its footprint by closing a “significant number” of Justice stores, a “select number” of Ann Taylor, LOFT, Lane Bryant, and Lou & Grey stores, and all of its Catherine’s stores.

By submitting this form, you are consenting to receive marketing emails from: Harlem World Magazine, 2521 1/2 west 42nd street, Los Angeles, CA, 90008, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

J.Crew, JCPenney, Neiman Marcus, and Brooks Brothers have also announced store closures and bankruptcy filings as a result of declining sales.

Note: As of this writing we do not have word rather the location in Harlem will be closing.

We're your source for local coverage, we count on your support. SUPPORT US!
Your support is crucial in maintaining a healthy democracy and quality journalism. With your contribution, we can continue to provide engaging news and free access to all.
accepted credit cards

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles