Similar Stories to Denny's Is Closing 150 Locations In The Latest Sign Of The Squeeze On Family Dining on Bing News

Denny's CEO Kelli Valade told investors that "underperforming" stores would be shut to raise annual unit volume sales to $2.2 million.Justin Sullivan/Getty ImagesDenny's plans to close 150 stores to boost annual unit volume sales amid declining sales.Chains that traditionally attract more families, like Red Lobster and Applebee's, are feeling the squeeze."Families have been hit hard by inflation and so are dining out less," one analyst told Business Insider.Denny's is the latest casualty of the squeeze on family dining chains, announcing this week that it plans to close about 150 locations before 2026.A Securities and Exchange filing from the chain Tuesday showed that around 50 stores will be shut this year, with an additional 100 closing in 2025.This represents roughly 10% of Denny's 1,586 stores overall.

BING NEWS:
  • Denny's is closing 150 locations in the latest sign of the squeeze on family dining
    About 50 restaurants will be shut this year with the other 100 closing in 2025 in an attempt to raise annual unit volume sales to $2.2 million.
    10/25/2024 - 2:08 am | View Link
  • This National Convenience Store Chain Is Closing Over 400 Locations
    On October 11, 7-Eleven President and CEO, Joe DePinto released a statement announcing the closure of 444 stores.
    10/22/2024 - 4:38 pm | View Link
  • 7-Eleven to close over 400 ‘underperforming’ locations in North America
    Seven & I Holdings, 7-Eleven’s Japan-based parent company, revealed in its earnings report that 444 7-Eleven locations are closing. The company cited slow sales, declining traffic, inflationary ...
    10/12/2024 - 7:37 am | View Link
  • 7-Eleven to close nearly 450 locations
    7-Eleven has more than 13,000 U.S. locations and the closures would affect about 3% of its stores. Seven & I Holdings, the chain’s Japan-based parent company, shared that the stores' sales have ...
    10/11/2024 - 6:45 am | View Link
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