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Dunkin’ Donuts to Close 100 Stores by the End of 2016

Dunkin’ Donuts to Close 100 Stores by the End of 2016

The closures will only affect those operated by Speedway, a convenience store chain.

Dunkin’ Donuts will close 100 of its United States locations between now and the end of next year, the chain’s parent company, Dunkin’ Brands Group announced Thursday, in an investor report.

Although it is not yet clear which specific stores will be closed, the announcement applies only to franchise locations operated by Speedway LLC, a chain of convenience stores.

Dunkin’ Brands confirmed that Speedway will continue to operate as a franchisee, and that the sales from these specific stores only represented a very small fraction, .1 percent, of its U.S. sales. Moreover, Dunkin’ Donuts will continue to open more locations around the United States throughout 2016.

In the report, the company also stressed that it would continue to do its “most important job” of staying relevant and evolving its market approach, as well as “confronting reality and headwinds.”

Citing its product lineup and continued expansion of its mobile app DD Perks, Dunkin’ Donuts also noted that it was increasingly looking to engage a young and tech-savvy customer base, especially with its promised mobile ordering option, which will begin testing in Maine next month, and its delivery service, which will be tested soon in Dallas, Texas through Door Dash, a third-party delivery service.


Dunkin' Donuts franchisee closing 100 stores

Looks like America will run a little less on Dunkin’.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes.

The restaurants to be closed in 2015 and 2016 are run by convenience store chain Speedway LLC, Dunkin’ said. Speedway will continue to remain a franchisee of Dunkin’ Brands.

Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food workers to $15 an hour.

Speaking at an investor presentation in New York, Dunkin’ CEO Nigel Travis said that the wage hike would have far reaching implications.

“It’s going to affect small businesses and franchises,” and he noted that it might mean mass layoffs.

Despite the outlet closures, the company reiterated its 2015 plan to have 410 to 440 net new Dunkin’ Donuts restaurants in the U.S. and to build its "coffee culture" with hot coffee and iced coffee.

But competition is stiff as the retail sector continues to contract despite claims that the economy is doing better.

Just last week, Dunkin’ Donuts announced a new seasonal drink to compete against Starbucks’ popular Pumpkin Spice Latte-­called Pumpkin Macchiato--available both hot or iced. The chain also unveiled a new delivery system starting in 2016 where doughnut lovers can get their breakfast items right on their doorstep.


Dunkin' Donuts franchisee closing 100 stores

Looks like America will run a little less on Dunkin’.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes.

The restaurants to be closed in 2015 and 2016 are run by convenience store chain Speedway LLC, Dunkin’ said. Speedway will continue to remain a franchisee of Dunkin’ Brands.

Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food workers to $15 an hour.

Speaking at an investor presentation in New York, Dunkin’ CEO Nigel Travis said that the wage hike would have far reaching implications.

“It’s going to affect small businesses and franchises,” and he noted that it might mean mass layoffs.

Despite the outlet closures, the company reiterated its 2015 plan to have 410 to 440 net new Dunkin’ Donuts restaurants in the U.S. and to build its "coffee culture" with hot coffee and iced coffee.

But competition is stiff as the retail sector continues to contract despite claims that the economy is doing better.

Just last week, Dunkin’ Donuts announced a new seasonal drink to compete against Starbucks’ popular Pumpkin Spice Latte-­called Pumpkin Macchiato--available both hot or iced. The chain also unveiled a new delivery system starting in 2016 where doughnut lovers can get their breakfast items right on their doorstep.


Dunkin' Donuts franchisee closing 100 stores

Looks like America will run a little less on Dunkin’.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes.

The restaurants to be closed in 2015 and 2016 are run by convenience store chain Speedway LLC, Dunkin’ said. Speedway will continue to remain a franchisee of Dunkin’ Brands.

Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food workers to $15 an hour.

Speaking at an investor presentation in New York, Dunkin’ CEO Nigel Travis said that the wage hike would have far reaching implications.

“It’s going to affect small businesses and franchises,” and he noted that it might mean mass layoffs.

Despite the outlet closures, the company reiterated its 2015 plan to have 410 to 440 net new Dunkin’ Donuts restaurants in the U.S. and to build its "coffee culture" with hot coffee and iced coffee.

But competition is stiff as the retail sector continues to contract despite claims that the economy is doing better.

Just last week, Dunkin’ Donuts announced a new seasonal drink to compete against Starbucks’ popular Pumpkin Spice Latte-­called Pumpkin Macchiato--available both hot or iced. The chain also unveiled a new delivery system starting in 2016 where doughnut lovers can get their breakfast items right on their doorstep.


Dunkin' Donuts franchisee closing 100 stores

Looks like America will run a little less on Dunkin’.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes.

The restaurants to be closed in 2015 and 2016 are run by convenience store chain Speedway LLC, Dunkin’ said. Speedway will continue to remain a franchisee of Dunkin’ Brands.

Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food workers to $15 an hour.

Speaking at an investor presentation in New York, Dunkin’ CEO Nigel Travis said that the wage hike would have far reaching implications.

“It’s going to affect small businesses and franchises,” and he noted that it might mean mass layoffs.

Despite the outlet closures, the company reiterated its 2015 plan to have 410 to 440 net new Dunkin’ Donuts restaurants in the U.S. and to build its "coffee culture" with hot coffee and iced coffee.

But competition is stiff as the retail sector continues to contract despite claims that the economy is doing better.

Just last week, Dunkin’ Donuts announced a new seasonal drink to compete against Starbucks’ popular Pumpkin Spice Latte-­called Pumpkin Macchiato--available both hot or iced. The chain also unveiled a new delivery system starting in 2016 where doughnut lovers can get their breakfast items right on their doorstep.


Dunkin' Donuts franchisee closing 100 stores

Looks like America will run a little less on Dunkin’.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes.

The restaurants to be closed in 2015 and 2016 are run by convenience store chain Speedway LLC, Dunkin’ said. Speedway will continue to remain a franchisee of Dunkin’ Brands.

Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food workers to $15 an hour.

Speaking at an investor presentation in New York, Dunkin’ CEO Nigel Travis said that the wage hike would have far reaching implications.

“It’s going to affect small businesses and franchises,” and he noted that it might mean mass layoffs.

Despite the outlet closures, the company reiterated its 2015 plan to have 410 to 440 net new Dunkin’ Donuts restaurants in the U.S. and to build its "coffee culture" with hot coffee and iced coffee.

But competition is stiff as the retail sector continues to contract despite claims that the economy is doing better.

Just last week, Dunkin’ Donuts announced a new seasonal drink to compete against Starbucks’ popular Pumpkin Spice Latte-­called Pumpkin Macchiato--available both hot or iced. The chain also unveiled a new delivery system starting in 2016 where doughnut lovers can get their breakfast items right on their doorstep.


Dunkin' Donuts franchisee closing 100 stores

Looks like America will run a little less on Dunkin’.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes.

The restaurants to be closed in 2015 and 2016 are run by convenience store chain Speedway LLC, Dunkin’ said. Speedway will continue to remain a franchisee of Dunkin’ Brands.

Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food workers to $15 an hour.

Speaking at an investor presentation in New York, Dunkin’ CEO Nigel Travis said that the wage hike would have far reaching implications.

“It’s going to affect small businesses and franchises,” and he noted that it might mean mass layoffs.

Despite the outlet closures, the company reiterated its 2015 plan to have 410 to 440 net new Dunkin’ Donuts restaurants in the U.S. and to build its "coffee culture" with hot coffee and iced coffee.

But competition is stiff as the retail sector continues to contract despite claims that the economy is doing better.

Just last week, Dunkin’ Donuts announced a new seasonal drink to compete against Starbucks’ popular Pumpkin Spice Latte-­called Pumpkin Macchiato--available both hot or iced. The chain also unveiled a new delivery system starting in 2016 where doughnut lovers can get their breakfast items right on their doorstep.


Dunkin' Donuts franchisee closing 100 stores

Looks like America will run a little less on Dunkin’.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes.

The restaurants to be closed in 2015 and 2016 are run by convenience store chain Speedway LLC, Dunkin’ said. Speedway will continue to remain a franchisee of Dunkin’ Brands.

Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food workers to $15 an hour.

Speaking at an investor presentation in New York, Dunkin’ CEO Nigel Travis said that the wage hike would have far reaching implications.

“It’s going to affect small businesses and franchises,” and he noted that it might mean mass layoffs.

Despite the outlet closures, the company reiterated its 2015 plan to have 410 to 440 net new Dunkin’ Donuts restaurants in the U.S. and to build its "coffee culture" with hot coffee and iced coffee.

But competition is stiff as the retail sector continues to contract despite claims that the economy is doing better.

Just last week, Dunkin’ Donuts announced a new seasonal drink to compete against Starbucks’ popular Pumpkin Spice Latte-­called Pumpkin Macchiato--available both hot or iced. The chain also unveiled a new delivery system starting in 2016 where doughnut lovers can get their breakfast items right on their doorstep.


Dunkin' Donuts franchisee closing 100 stores

Looks like America will run a little less on Dunkin’.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes.

The restaurants to be closed in 2015 and 2016 are run by convenience store chain Speedway LLC, Dunkin’ said. Speedway will continue to remain a franchisee of Dunkin’ Brands.

Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food workers to $15 an hour.

Speaking at an investor presentation in New York, Dunkin’ CEO Nigel Travis said that the wage hike would have far reaching implications.

“It’s going to affect small businesses and franchises,” and he noted that it might mean mass layoffs.

Despite the outlet closures, the company reiterated its 2015 plan to have 410 to 440 net new Dunkin’ Donuts restaurants in the U.S. and to build its "coffee culture" with hot coffee and iced coffee.

But competition is stiff as the retail sector continues to contract despite claims that the economy is doing better.

Just last week, Dunkin’ Donuts announced a new seasonal drink to compete against Starbucks’ popular Pumpkin Spice Latte-­called Pumpkin Macchiato--available both hot or iced. The chain also unveiled a new delivery system starting in 2016 where doughnut lovers can get their breakfast items right on their doorstep.


Dunkin' Donuts franchisee closing 100 stores

Looks like America will run a little less on Dunkin’.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes.

The restaurants to be closed in 2015 and 2016 are run by convenience store chain Speedway LLC, Dunkin’ said. Speedway will continue to remain a franchisee of Dunkin’ Brands.

Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food workers to $15 an hour.

Speaking at an investor presentation in New York, Dunkin’ CEO Nigel Travis said that the wage hike would have far reaching implications.

“It’s going to affect small businesses and franchises,” and he noted that it might mean mass layoffs.

Despite the outlet closures, the company reiterated its 2015 plan to have 410 to 440 net new Dunkin’ Donuts restaurants in the U.S. and to build its "coffee culture" with hot coffee and iced coffee.

But competition is stiff as the retail sector continues to contract despite claims that the economy is doing better.

Just last week, Dunkin’ Donuts announced a new seasonal drink to compete against Starbucks’ popular Pumpkin Spice Latte-­called Pumpkin Macchiato--available both hot or iced. The chain also unveiled a new delivery system starting in 2016 where doughnut lovers can get their breakfast items right on their doorstep.


Dunkin' Donuts franchisee closing 100 stores

Looks like America will run a little less on Dunkin’.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes.

The restaurants to be closed in 2015 and 2016 are run by convenience store chain Speedway LLC, Dunkin’ said. Speedway will continue to remain a franchisee of Dunkin’ Brands.

Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food workers to $15 an hour.

Speaking at an investor presentation in New York, Dunkin’ CEO Nigel Travis said that the wage hike would have far reaching implications.

“It’s going to affect small businesses and franchises,” and he noted that it might mean mass layoffs.

Despite the outlet closures, the company reiterated its 2015 plan to have 410 to 440 net new Dunkin’ Donuts restaurants in the U.S. and to build its "coffee culture" with hot coffee and iced coffee.

But competition is stiff as the retail sector continues to contract despite claims that the economy is doing better.

Just last week, Dunkin’ Donuts announced a new seasonal drink to compete against Starbucks’ popular Pumpkin Spice Latte-­called Pumpkin Macchiato--available both hot or iced. The chain also unveiled a new delivery system starting in 2016 where doughnut lovers can get their breakfast items right on their doorstep.


Watch the video: Every Dunkin Donuts Ever (December 2021).