- Applebee’s announced on Tuesday that it plans to close 60 to 80 locations in 2018.
- Applebee’s shuttered 99 locations in 2017.
- Executives have blamed the chain’s failed attempt to win over millennials for its downward spiral.
- IHOP, Applebee’s sister brand, is also planning to close 30 to 40 locations this year.
Applebee’s and IHOP are planning to close up to 120 restaurants between the two chains this year, as the brands try to correct some major missteps.
On Tuesday, Applebee’s announced that it anticipated the closure of 60 to 80 locations in 2018. Its sister brand, IHOP, is expected to close 30 to 40 locations.
Applebee’s closed 99 locations in 2017 and 46 locations in 2016. IHOP closed 23 locations last year and 16 the year before.
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