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Friday, August 11, 2017

Nearly 160 Applebee's and IHOP Locations Closing, Unclear How Northeast Ohio Will Be Affected

Posted By on Fri, Aug 11, 2017 at 12:02 PM

click to enlarge PHOTO VIA LOLOALATAIBI/INSTAGRAM
  • Photo via loloalataibi/Instagram
You may soon have to find a new place to meet your grandparents (or parents) for lunch.

While it's unclear whether Northeast Ohio's 10 Applebee's and five IHOP locations will be affected, parent company DineEquity Inc. has said in a release that they're planning to shut down 105 to 135 Applebee's locations and 20 to 25 IHOPs, citing declining sales.

"We believe 2017 will be a transitional year for Applebee's and we are making the necessary investments for overall long-term brand health and expect to see improvement over the next year," DineEquity Chairman and Interim CEO, Richard J. Dahl, said in the release.

As for IHOP, which "remains on solid ground," the company will introduce online ordering and potentially delivery in the future.

DineEquity will decide which stores to close based on profitability, operational results and quality standards.


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