Applebee’s to close 80 locations

This is a huge bummer, especially for the employees who will be out of work.

Restaurant Chains Applebee's And IHOP To Close Over 100 Stores
Getty Images | Scott Olson

Applebee’s announced Feb. 20 it will close as many as 80 restaurants nationwide as the chain continues to struggle attracting young diners.

The announcement comes after Applebee’s parent company, DineEquity, said in August it would close more than 100 restaurants.

It’s not clear which Applebee’s locations would close, but according to Fortune, remaining locations will be judged on a number of criteria.

applebees photo
Getty Images | Andrew Burton

“The expected closures will be based on several criteria, including meeting our brand and image standards as well as operational results,” DineEquity told Fortune in a statement.

Up To 40 IHOP Locations To Close

DineEquity also announced it would close up to 40 IHOP locations, though it plans to open as many as 100 new locations of the breakfast chain throughout the country.

ihop photo
Flickr | JeepersMedia

DineEquity’s stock has soared since the announcement, rising nearly 20 percent on Tuesday.

‘Investing In The Empowerment Of Our Brands’

The decision to close underperforming restaurants is part of an overall strategy to improve sales, as DineEquity shared last August.

“We are investing in the empowerment of our brands by improving overall franchisee financial health, closing underperforming restaurants and enhancing the supply chain,” interim CEO Richard Dahl said in a statement released at the time.

applebees photo
Getty Images | Scott Olson

The company has not said which specific restaurants will close.

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Dahl also described 2017 as a “transitional year” for Applebee’s.

applebees photo
Flickr | JeepersMedia

“We are making the necessary investments for overall long-term brand health and expect to see improvement over the next year,” he said.

As for IHOP, he pointed out to the new online ordering and delivery initiatives aimed at making eating there more convenient for customers.

The IHOP app rolled out in December for Apple and Android phones and seems to have received mixed reviews.

ihop photo
Getty Images | Scott Olson

$1 Bahama Mamas At Applebee’s

Throughout the month of February, Applebee’s is offering Bahama Mamas for $1. Or, as Applebee’s is calling it, the DOLLARMAMA.

For the uninitiated, Bahama Mamas are a tropical fruit punch made with rum that tastes like summer in a glass.

bahama mama photo
Flickr | [email protected]

“It’s a $1 Bahama Mama that combines the flavors of coconut, cherry, orange, pineapple with lime and white rum,” Applebee’s explains of its latest cocktail darling. “Get one today for a little taste of vacation.”

bahama mama photo
Flickr | BenjaminThompson

It’s no dainty drink either: The DOLLARMAMA is served in a 10-ounce mug. Cheers to that.

Written by Alex Hider for KGUN. Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. Additional reporting by Don’t Waste Your Money staff.

Copyright 2018 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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