Dunkin’ Donuts Announces It Is Closing Stores For Good

For years, Dunkin’ Donuts has been making its way across the United States. Just like Starbucks, Dunkin’ is a coffee shop and bakery that offers local a place to get their caffeine fix on every corner. And in New England, Dunkin’ Donuts is almost available on every single corner. Sometimes there are even two locations within a short walk of each other.

However, Dunkin’ has just announced that they will be shutting down 450 locations inside Speedway stores across the east coast. That means that people who like to pick up donuts or a coffee while filling up their gas tank might have to settle for a cheap gas station coffee and packaged donut instead of the good stuff that Dunkin’ can sell them.

The Dunkin’ locations that are in the gas station do not make the corporation much money. They only take in about “less than 0.5 percent of Dunkin’ domestic sales in 2019,” the president of Dunkin’ Americas, Scott Murphy said.

Kate Japson, chief financial officer, made the decision to shut down those locations and shovel all the upkeep money into locations that are more profitable.

“By exiting these sites, with minimal financial impact, we’re confident we’ll be better positioned to serve many of these trade areas in the coming years with new Dunkin’ NextGen restaurants that offer a broader menu,” Japson said.

She added, “We will be exiting 450 limited-menu Dunkin’ Speedway owned and operated locations throughout 2020, closing under a termination agreement entered into with Speedway. These limited-menu locations are lower volume units, in total representing less than 0.5 percent of Dunkin’ U.S. annual systemwide sales.

Dunkin’ currently has 9,600 locations across the entire chain. That’s a lot of places for people to get their coffee and fuel up.

However, Dunkin’s may regret having made the decision to shut down so many locations. Because the COVID-19 pandemic is already shutting down stores, people are holding off on spending money on items like coffee, which are often considered luxury items, and instead of grabbing their morning Joe from the grocery store.

Nevertheless, the CEO of Dunkin’s Brands, Dave Hoffman, said, “We’re focused on making your experience as frictionless as possible, whether through our 5,300+ drive-thru locations, On-the-Go ordering and curbside pickup through the Dunkin’ app, or delivery through GrubHub and other providers. Rest assured, we are committed to providing a safe, secure experience at Dunkin’– offering you something familiar and welcoming amid so much change. “

Because the virus is changing the landscape of America, people no longer have a place to go outside of their homes. This has put a lot of strain on families. Some families enjoy the extra time together. Others feel that it is just too much to bear.

But Dunkin’ hopes to be there for you in your time of need.

Hoffman said, “For more than 70 years, Dunkin’ has been at the heart of the communities we serve, keeping America running and taking care of our guests. We are grateful for the dedication of our franchisees and crew members who make our brand stand tall every day. We’re continuing our legacy of being there when people need us most by taking these additional steps to be your place of comfort during all of this uncertainty.”

Related Posts

TRUMP UNEXPECTED ANNOUNCEMENT

Former President Donald Trump is becoming more and more popular in regions of the country where it would have seemed unimaginable to some. The former president demonstrated…

Actress Hayden Panettiere Opens Up About Controversial Interview

Actress Hayden Panettiere has recently addressed the backlash she faced following an interview with People magazine. In a heartfelt Instagram post on September 22nd, Panettiere expressed her…

11-year-old di,es because of online trend – now family is warning others about the household item that took his life

11-year-old Tommie-Lee Billington lost his life after attempting a dangerous TikTok challenge during a sleepover with friends in Lancaster, England. The challenge, popular on the social media…

Frank Fritz, “American Pickers” star, dead at 60 — rest in peace

Frank Fritz, the beloved star of *American Pickers*, has died at 60, leaving fans heartbroken. Fritz, who left the show in 2021 due to health issues, had…

The iconic actor has died. He was 84.

John Amos, known for his roles in “Roots,” “Coming to America” and the 1970s sitcom “Good Times,” has died at age 84. “He was a man with…

The Latest: Harris, Trump shift plans after Hurricane Helene’s destruction

Hurricane Helene is shifting the presidential candidates’ plans this week. Democratic nominee Kamala Harris is cutting short a campaign visit to Las Vegas to return to Washington…

Leave a Reply

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