24 of it's locations. Does anyone know were I can find a list of the locations that are closing?
2007-03-22 17:00:46 · 7 answers · asked by Answer Girl 2007 5 in Dining Out ➔ United States ➔ Other - US Dining Out
Here is the latest Press release regarding Applebee's @ www.marketwatch.com
Applebee's to shutter 24 restaurants
By William Spain
Last Update: 9:33 AM ET Mar 21, 2007
CHICAGO (MarketWatch) -- Applebee's International, Inc said Wednesday that it will close 24 of its 528 company-owned restaurants, taking charges of $13.5 million to $15.5 million in the fiscal first quarter of 2007. The move follows an announcement last week that the strategy committee of the company's board of directors had been given "a broad mandate to conduct a comprehensive evaluation of the company's strategic alternatives, as well as its business and financial strategies." The committee then targeted restaurants that were not "meeting acceptable levels of return on investment and other key operating metrics." Ten of the soon-to-shuttered outlets are in New England region, with the rest scattered across nine other states. "These restaurant closures will have a positive impact on our future earnings, cash flow and return on invested capital," said Dave Goebel, president and chief executive officer of Applebee's [s" APPB], in the announcement. End of Story
2007-03-22 17:35:39 · answer #1 · answered by W j 4 · 0⤊ 0⤋
I love Applebee's! I hope they're not closing in the Detroit area.
P.S.-- I just tried looking it up on the web and it reads as if the list of 24 is not finalized.
2007-03-22 17:06:42 · answer #2 · answered by HoneyBunny 7 · 0⤊ 0⤋
They should've done this years ago.
I gave them 3 chances...each visit was crap...either from host staff or the food.
Maybe (hopefully) the ones in my area are getting the axe...here, it's useless...they never have a waiting list on Friday night in a heavily populated area...so that tells me I'm not the only one thinking this.
2007-03-22 18:09:53 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Yes its true but there is no list yet that states exactly which ones
2007-03-22 17:50:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
didnt hear about that
too bad, I like it there even though I've only been there once
2007-03-24 05:54:38 · answer #5 · answered by Emily 7 · 0⤊ 0⤋
well i do not know that where closing maybe they have in there website.
2007-03-22 21:08:05 · answer #6 · answered by Anonymous · 0⤊ 0⤋
i didn't even know they were closing..
2007-03-22 17:03:36 · answer #7 · answered by riddlemethis 5 · 0⤊ 0⤋