Applebee’s and IHop Closing Over 160 Restaurants
DineEquity announced 105 to 135 Applebee's will close by the first quarter of 2018. 20 to 25 IHop locations will also shut their doors.
"We are investing in the empowerment of our brands by improving overall franchisee financial health, closing underperforming restaurants and enhancing the supply chain," said Richard J. Dahl, Chairman and interim Chief Executive Officer of DineEquity, Inc. "IHOP remains on solid ground, despite soft sales this quarter. IHOP is currently rolling out initiatives to address the convenience needs of our guests, which are inclusive of online ordering as well as accelerating tests for delivery and development of an IHOP mobile application."
There has been no list of which restaurants will be on the chopping block but there are several in central New York. 2 in the Utica area, 1 in Herkimer, 1 in Rome and 4 in the Syracuse area. IHop only has one location in New Hartford.