Applebee's Is Shrinking & Closing Dozens of Restaurants

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[{"selector":"#anim-df8c43e3-fe2b-40a8-a11b-72bb084892e4","keyframes":{"opacity":[0,1]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c272b72-6b6f-4ea1-a861-de99c669e43b","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d710c506-663a-4fea-9d3c-e00705d5020d","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f550520f-b425-4dc9-8a3a-b3669f93ac5e","keyframes":{"transform":["translate3d(0px, -220.10588%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Applebee's shrank years ago. In order to return to growth, the firm has shuttered hundreds of failed locations in recent years. tullysfishmarket

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[{"selector":"#anim-76bf484d-4f41-4ac8-bfef-4921b814a1d2","keyframes":{"opacity":[0,1]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29842a8f-ef46-4158-a82f-5a085b4c403b","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4e67df0-a7d2-430e-9b16-8142cc83699e","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-24b575d2-38c4-4025-a32e-5d599bfaa971","keyframes":{"transform":["translate3d(0px, -220.10588%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] While the corporation continues to shutter failed stores, growing building costs have hampered the launching of new eateries. tullysfishmarket

[{"selector":"#anim-7fca0a94-92e4-4328-82c9-ae877c49fc82","keyframes":{"opacity":[0,1]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5a860ee-d79d-49d1-b9aa-877e352bdc77","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0da2c3b1-3851-4db9-9847-38c5984bfe5d","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95d94094-a580-4bd8-bb7f-b8c0609d9db7","keyframes":{"transform":["translate3d(0px, -220.10588%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] During an earnings call this week, Applebee's president stated that the company had to raise its 2023 shop closing forecast after a recent assessment revealed that additional stores "are no longer in strong markets." tullysfishmarket

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[{"selector":"#anim-55d0f8aa-b454-4da8-8ca8-1714940212c6","keyframes":{"opacity":[0,1]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-82ec46f9-bcc2-4ac1-a8ac-f3bf108cd933","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b57ddb59-c94d-4719-9a2e-b61000074ee1","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-72825225-0b45-427a-865d-2fc25fb115f4","keyframes":{"transform":["translate3d(0px, -220.10588%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] make sure that we always leverage our combined expertise and knowledge to set them on the path to long-term financial success." tullysfishmarket

[{"selector":"#anim-2711f35d-e917-488f-997d-b4829b377088","keyframes":{"opacity":[0,1]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44621e96-b552-4ffd-b865-50c5914f6a63","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fde738c4-a148-487a-978c-83816f7da7bd","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bbfa4d51-6aa1-4816-96a2-dae88aa902fb","keyframes":{"transform":["translate3d(0px, -220.10588%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] According to the CEO, shutting underperforming locations will enable for new restaurant openings. tullysfishmarket

[{"selector":"#anim-bdaaf8c2-0701-4d0b-97b5-8594853ff185","keyframes":{"opacity":[0,1]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d635262b-af9e-48bd-93b9-acfac3f62fda","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d7f8f746-acca-461a-868b-3adcb34f7018","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a700915f-49ad-499d-ba63-6cc239f9dacd","keyframes":{"transform":["translate3d(0px, -220.10588%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The closure of failed restaurants creates new trading zones. It generates growth potential when viewed in the context of our development strategy. tullysfishmarket

[{"selector":"#anim-98752277-088b-4039-8027-484231b76d4f","keyframes":{"opacity":[0,1]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c623c60-4edd-4d9a-bc4c-544fca06ee62","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-07b703c0-7296-4a53-a511-c8b3cde6d866","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ff6c86b-b1f2-4b84-abcd-f9317ce46450","keyframes":{"transform":["translate3d(0px, -220.10588%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Our new vice president of development is assisting franchisees in capitalizing on these opportunities." tullysfishmarket

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