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McDonald’s To Close 500 More Stores In 2016 As Consumers Adopt Healthier Habits
Credit: vbetweenthelines.com
In 2015, McDonald’s closed 700 restaurants to save money. 2016 doesn’t seem to be faring much better for the fast food corporation…
To bolster profits in the years to come, McDonald’s will be shutting down approximately 500 more stores from its super-sized global restaurant network. The Street reports that the poorest-performing Golden Arches establishments will be shuttered up and most of the closings are expected to be in the U.S.As you might remember, the corporation ended up closing 700 restaurants around the world in 2015 – 350 more than was initially planned. At the time, McDonald’s spokesperson Beca Hary relayed to the press that the move was made to reduce financial losses.
She wrote in an email:
“It’s important to note that while we will have a net reduction in restaurants [in the U.S.], the impact is minimal in comparison to the 14,000 restaurants we operate across the U.S.”
She added that “we consistently review our restaurant portfolio and make strategic decisions to better position our business for the future.”
Hary has presently refused to comment on the closing of +500 Golden Arches restaurants.
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Source: http://www.philosophers-stone.co.uk/?p=12936
