Denny's has multiplied its plans to close 30 stores more than expected, with up to 90 stores.
The company's financial manager announced the acceleration in an attempt to grow jump.
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Religious is said to have been said to close between 70 and 90 additional stores in 2025, which is part of her plan to close 150 by the end of the year.
This advertisement brings a number religious The sites are either closing or already stopping to about 180 since 2024 – they already beat 2025 goal Two months per year by 30.
The company closed 88 stores in 2024.
Denny Financial Director of Denny stressed the dinner decision, saying: “The speedy closure of restaurants of minimum size will improve the cash flow of concession calls and allow them to re -invest in traffic leadership initiatives such as our program that has been tested and proven.
“In any mature brand, when Restaurants It was open for a long time, it is normal for commercial areas to turn over time. “
religious In recent years due to inflation and high food costs.
Verostek said that sales in January and February after a strong end until 2024 due to “the uncertainty that we see at the present time.”
He added that too Economic inflation A lot of “fluctuations here in February” caused Denny's, and as a result, the company issued “truly conservative directives” for this year.
The new area of religious The closure was opened for 30 years on average, as many of them are no longer profitable.
Some final foods were also announced because they are ending from rental contracts.
The company's less performance stores contain the unit of $ 1.1 million.
Less than half of the highest -performance stores with the average unit sizes $ 2.9 million.
Religious fights again
The store also evaluated 265 additional sites that were seen as poorly performed.
But the company intends to rehabilitate sites that have not been transferred to the closure list.
The presidents described this closure as “improving the wallet” as the company plans to earn more money on each site.
The series revealed other changes that began to make these economic pressures.
US brackets for “45, 000 stores”
Experts have warned that about 45,000 bricks and junior stores could be closed in the next five years.
Several major retailers have announced the closure of the stores or have completely worked out in recent years.
In 2023, chains such as Foot Locker announced plans to close up to 400 outlets by 2026.
Meanwhile, other well -known retailers such as Tuesday morning and Mitchell Gold + Bob Williams offer bankruptcy in 2023.
Bed Bath & Beyond closed all its brick and mortar stores and is now online retail.
The most affected retailers have been the most affected clothes, consumer electronics, sports commodities, hobby, book, music and home furniture stores since the beginning of 2019.
UBS predicted that the total number of retail stores will decrease by 45 thousand from 958 kilos to 913 kilos.
Nevertheless, the report says that some stores should flourish while others decrease.
She said retailers like Walmart, Costco, Home Depot and Target could be among the winners.
The CEO of Denny Kelli Valade said that the series had returned one of the popular promotional shows.
The list of value from the series returned from 2 to 4 dollars to 8 dollars to hopes to encourage more fall Restaurants And more sales.
The presidents are also appointed to make an unpopular change on its locations.
some religious The branches will not be open for 24 hours.
Social media users shared their frustration with this controversial change.
“The only withdrawal of religious One of the fans was bothering.
“I just want to remain one restaurant 24 hours in our area open,” he wrote another person.
“I am not a big admire religious But it is the only 24 -hour restaurant! “
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