These Popular Restaurant Chains Are Closing 150 Locations
If you’re used to spotting multiple Applebee’s restaurants all around town, you may be in for a surprise. After closing 46 restaurants in 2016, the popular casual dining chain recently announced that it’s planning to shut down between 105 and 135 of its nearly 2,000 nationwide locations by the end of the year. While the company hasn’t revealed exactly which stores would be shutting their doors, Applebee’s president John Cywinski told investors in a sales call that they would be targeting locations that didn’t hit sales targets as well as those in less-trafficked areas.
9 June, 2017 Anti-Shariah rallies planned across US worry Muslim leaders EUGENE, Ore. (AP) — Inside a mosque in the college town of Eugene, a half-dozen men prostrated themselves on a carpet while another man led the midday prayers. Over his melodic recitation came a tapping sound as a locksmith installed higher-grade locks on the front door.
30 March, 2017 McDonald's to use fresh beef on some US burgers McDonald's announced Thursday it will shift to fresh beef in its new made-to-order Quarter Pounder hamburgers in most US restaurants as it seeks to beef up sales in its home market. The fast-food chain by mid-2018 will move away from frozen beef on th...
28 February, 2017 Starbucks CEO says chain ready to enter Italy after 35 years MILAN (AP) — Starbucks CEO Howard Schultz's vision for the chain was largely inspired by the coffee bars he saw on his first trip to Milan more than three decades ago. But it took the company growing to about 26,000 stores in 75 countries to win the credibility he felt necessary to […]
12 June, 2017 Germany's Aldi unveils major US expansion German discount grocery store giant Aldi unveiled a major US expansion plan on Monday, aiming to make it the third-largest US grocery chain in five years. "We’re growing at a time when other retailers are struggling," Aldi CEO Jason Hart said in a statement. By expanding to 2,500 […]
5 August, 2017 Elon Musk says Tesla’s sales beat Apple where it matters Tesla, while a very nice and valuable company, is no Apple. Actually, Apple's spare cash pile alone is big enough to buy Tesla several times over. But Elon Musk isn't the kind of person to get wowed by bigger companies, and in a recent interview, Elon Musk made a big claim about how […]