Dunkin Donuts closing stores: Is they closing locations?

Noah Mitchell
By Noah Mitchell 7 Min Read
7 Min Read

Dunkin’ Donuts, which used to be famous for its donuts and coffee, made a big announcement in 2020. They said they were going to close about 1,500 of their stores. This happened because of the COVID-19 pandemic, which really hurt the restaurant business in the United States. This was a big deal because it happened right after Dunkin’ Donuts changed its name to just “Dunkin’.”

But don’t worry too much because many Dunkin’ Donuts stores are still open.

How Many Dunkin’ Donuts Stores Are There?

As of February 13, 2023, there were 9,376 Dunkin’ Donuts stores all over the United States. New York has the most Dunkin’ Donuts stores out of all the states, with 1,418 of them. So, there are still lots of places to get your Dunkin’ fix.

A Bit About Dunkin’ Donuts

Dunkin’ Donuts is a big chain of donut and coffee shops that’s been around for more than 70 years. They’re known for their bagels, coffee, donut holes, sandwiches, and scones. The company was started by a guy named Bill Rosenberg in 1950 in Quincy, Massachusetts. In 1990, it was bought by the same company that owns Baskin-Robbins, the ice cream place.

Why Did Dunkin’ Change Its Name?

Starting in 2018, Dunkin’ Donuts began opening some stores that only used the name “Dunkin’.” This made people think they were getting ready to change their name. In September 2018, they announced that they would officially become “Dunkin'” by January 2019. This meant that new stores, logos, cups, and products would all have the new name.

What Happened During the Pandemic?

The pandemic affected all kinds of restaurants, including ones that serve dessert like ice cream or yogurt. Dunkin’ Donuts had to make changes to keep making money.

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At first, they thought about closing only some of their stores located at Speedway gas stations (mostly on the East Coast) and smaller Dunkin’ Donuts stores with limited menus. These closures were talked about for a while, and Dunkin’ eventually confirmed them. These particular stores didn’t make much money for the company, less than half a percent of all the money Dunkin’ made in the United States in 2019.

Then, in the middle of 2020, after looking at their finances, Dunkin’ decided to close 350 more stores for good. By the end of 2020, a total of 800 stores might have closed. But here’s the good news: as of July 25, 2020, 96% of Dunkin’ Donuts stores were still open, and sales started going up again.

What About Now?

Things have been looking better since then, with about 3 million people visiting Dunkin’ Donuts every day. They made around $1.25 billion in 2020, which was enough to be one of the top 500 restaurant chains in the United States. In 2021, they kept doing well.

Dunkin’ and experts think they’ll make even more money in 2022 because the pandemic is getting better, and they won’t have to deal with all the problems from 2020. So, it seems like Dunkin’ Donuts is on the rise again after some tough times.

What Happened to Dunkin’ Donuts Franchise?

1. The Big Sale to Inspire Brands

Back in October 2020, Dunkin’ Brands had some big news. They were talking about selling their business to a company called Inspire Brands, which is a private organization. Then, on October 31, 2020, Inspire Brands said they were going to buy Dunkin’ Brands Group for a whopping $11.3 billion! This huge amount included all the money that Inspire Brands would have to pay back to others on behalf of Dunkin’ Brands.

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Each share of Dunkin’ Brands that people had got $106.50 in cash from Inspire. It was a massive deal!

2. The New Dunkin’ Family

Inspire Brands completed the purchase on December 15, 2020. This means Dunkin’ Donuts, Baskin-Robbins, and Mister Donut all became part of the Inspire Brands family.

3. Changes in China

Now, let’s talk about what’s going on in China. Jollibee Foods Corp. decided to stop doing business in Beijing in November 2022. They had a deal with Dunkin’ Donuts to run some stores in certain parts of China, including Hong Kong and Macao. But they canceled that deal, as reported on November 9 by Jollibee.

The deal to work with Dunkin’ Donuts started back on January 5, 2015. Companies called Golden Cup Pvt. Ltd. (from Singapore) and Dunkin’ Donuts Franchise LLC teamed up to open new stores in specific areas. They even opened seven stores in Beijing.

Dunkin’ Donuts had tried to set up shop in Beijing before, back in the late 1990s, but it didn’t work out. They made a comeback in 2016 thanks to the Jollibee deal. People in Beijing were pretty happy to have Dunkin’ Donuts back, especially because they offered 18 different types of donuts!

But now, Jollibee wants to try something new in Beijing and focus on growing its business in China. They said they want to do this by working with bigger companies in the area.

In Conclusion

Dunkin’ Donuts is still the number one place for donuts in the United States, even though they only operate in a few states. They say they sell a whopping 2 billion cups of coffee every year, and they serve up more than 2.9 billion donuts! That’s a lot of donuts!

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From what we can see, Dunkin’ Donuts seems to be doing well financially. They haven’t announced any other store closures, and it looks like they’re growing. So, it seems like they’re in good shape.

Frequently Asked Questions

1. Is Dunkin Donuts really closing stores?

Yes, Dunkin Donuts announced plans to close approximately 800 stores across the United States by the end of 2020.

2. Why is Dunkin Donuts closing stores?

The company stated that the closures are part of their ongoing efforts to improve their financial performance and streamline operations.

3. Which locations are being closed?

The specific locations being closed have not been announced yet, but the company has stated that the majority of the closures will be in Speedway gas station convenience stores.

4. Will Dunkin Donuts still be available in my area?

Yes, Dunkin Donuts will still have many locations remaining across the United States, and they continue to expand and open new stores in other areas.

5. Will the employees of the closed locations lose their jobs?

Unfortunately, many employees of the closed locations will likely lose their jobs. However, the company stated that they will be offering impacted employees the opportunity to apply for open positions at other Dunkin Donuts locations.

6. Will this affect the availability of Dunkin Donuts products?

No, the closures are not expected to significantly impact the availability of Dunkin Donuts products. The company will still have many locations remaining across the United States, and they are continuing to expand and open new stores.
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Hey, I'm Noah, a tech blog author specializing in writing articles on various Tech-related topics. With a strong background in digital marketing, I've witnessed firsthand how the age of the internet has revolutionized the way we consume and share information. Technology journaling allows me to explore and document these exciting advancements, keeping readers informed and inspired. Let's embark on this tech journey together!
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