Latest news with #corporateclosure
Daily Mail
5 days ago
- Business
- Daily Mail
Major restaurant chain shuts with just seven hours notice leaving employees out of work and location 'abandoned'
Haunting images show the 'abandoned' location of once popular local restaurant after it closed its once bustling location in St Petersburg, Florida, over the weekend. The beloved casual dining chain Applebee's now displays a sign on the front door of the building thanking locals for their 'many years of business' and encourages patrons to visit another local Applebee's. Outraged locals revealed on Facebook that the restaurant's employees were only given seven hours notice that they were out of a job. On Reddit, one former employee wrote: 'The lease for the building was ending and corporate decided the location didn't make enough money to stay open. 'The workers got a days notice that they were all losing their jobs.' Pictures of the closed restaurant show chairs piled on to bare tables, the sign stripped from the building's exterior, and an empty parking lot. Applebee's also closed its University Parkway location in Florida in May. Dine Brands Global, the owner of Applebee's, reported a 2.2 per cent sales decline during its first earnings call of the year. Despite this the corporation said Applebee's had raked in $1billion in the first three months of 2025. In an effort to reinvigorate customers, Applebee's has leaned into more deals and better customer rewards. During the company's March earnings call, John Peyton, the company's CEO, said: 'We are focused on elevating guests' experience, enhancing the menu by focusing on our core products, and better communicating offers through dynamic marketing.' The once dominant Applebee's has fallen out of favor with consumers, and has been forced to close around 300 locations between 2016 and 2023. The restaurant chain then went on to shutter up to up to 35 restaurants in 2024. The brand has forecast it will need to close a further 20 to 35 locations this year, The Sun reported. In an effort to boost two of its legacy brands and save on costs, Dine Brands has also consolidated a number of its IHOP and Applebee's locations. Peyton previously said: 'The dual brand concept is now a core pillar of our development strategy, and we're optimistic about the long-term upside potential. 'On average, we've seen these locations achieve 1.5 to 2 times the revenue compared to a single brand restaurant.' The company said it is planning to open a further 12 to 14 dual brand locations in 2025. Dine is also undertaking a major remodeling program to refresh the brand's tired image. The 'Lookin' Good' scheme is revamping 30 Applebee's locations that Dine took over last November, Restaurant Dive reported.
Daily Mail
6 days ago
- Business
- Daily Mail
Major chain shuts with seven hours notice leaving location 'abandoned'
By Haunting images show the 'abandoned' location of a once popular local restaurant. The beloved casual dining chain Applebee's closed its once bustling location in St. Petersburg, Florida, over the weekend. A sign on the front door of the building thanks locals for their 'many years of business' and encourages patrons to visit another local Applebee's. Outraged locals revealed on Facebook that the restaurant's employees were only given seven hours notice that they were out of a job. 'The lease for the building was ending and corporate decided the location didn't make enough money to stay open,' one former employee wrote on Reddit. 'The workers got a days notice that they were all losing their jobs.' Pictures of the closed restaurant showed chairs piled on to bare tables, the sign stripped from the building's exterior and an empty parking lot. Applebee's also closed its University Parkway location in Florida in May . Dine Brands Global, the owner of Applebee's, reported a 2.2 percent sales decline during its first earnings call of the year. 'We are focused on elevating guests' experience, enhancing the menu by focusing on our core products, and better communicating offers through dynamic marketing,' John Peyton (pictured), the company's CEO, said during the company's March earnings call. Once dominant Applebee's has fallen out of favor with consumers, and has been forced to close around 300 locations between 2016 and 2023 . The restaurant chain went on to shutter up to up to 35 restaurants closed in 2024 . The brand has forecast it will need to close a further 20 to 35 locations this year, The Sun reported. In an effort to boost two of its legacy brands and save on costs, Dine Brands has also consolidated a number of its IHOP and Applebee's locations. 'The dual brand concept is now a core pillar of our development strategy, and we're optimistic about the long-term upside potential,' Peyton said previously. 'On average, we've seen these locations achieve 1.5 to 2 times the revenue compared to a single brand restaurant.' The company said it is planning to open a further 12 to 14 dual brand location in 2025. Dine is also undertaking a major remodeling program to refresh the brand's tired image. The 'Lookin' Good' scheme is revamping 30 Applebee's locations that Dine took over last November, Restaurant Dive reported.
Daily Mail
7 days ago
- Business
- Daily Mail
Major restaurant chain shuts with just seven hours notice leaving popular location 'abandoned' in haunting photo
Haunting images show the 'abandoned' location of a once popular local restaurant. The beloved casual dining chain Applebee's closed its once bustling location in St. Petersburg, Florida, over the weekend. A sign on the front door of the building thanks locals for their 'many years of business' and encourages patrons to visit another local Applebee's. Outraged locals revealed on Facebook that the restaurant's employees were only given seven hours notice that they were out of a job. 'The lease for the building was ending and corporate decided the location didn't make enough money to stay open,' one former employee wrote on Reddit. 'The workers got a days notice that they were all losing their jobs.' Pictures of the closed restaurant showed chairs piled on to bare tables, the sign stripped from the building's exterior and an empty parking lot. Applebee's also closed its University Parkway location in Florida in May. Dine Brands Global, the owner of Applebee's, reported a 2.2 percent sales decline during its first earnings call of the year. The corporation said Applebee's had raked in $1 billion in the first three months of 2025. In an effort to reinvigorate customers, Applebee's has leaned into more deals and better customer rewards. 'We are focused on elevating guests' experience, enhancing the menu by focusing on our core products, and better communicating offers through dynamic marketing,' John Peyton, the company's CEO, said during the company's March earnings call. Once dominant Applebee's has fallen out of favor with consumers, and has been forced to close around 300 locations between 2016 and 2023. The restaurant chain went on to shutter up to up to 35 restaurants closed in 2024. The brand has forecast it will need to close a further 20 to 35 locations this year, The Sun reported. In an effort to boost two of its legacy brands and save on costs, Dine Brands has also consolidated a number of its IHOP and Applebee's locations. Pictures of the closed restaurant showed chairs piled on to bare tables Applebee's is known for its comfort food and $1 dollarita drinks 'The dual brand concept is now a core pillar of our development strategy, and we're optimistic about the long-term upside potential,' Peyton said previously. 'On average, we've seen these locations achieve 1.5 to 2 times the revenue compared to a single brand restaurant.' The company said it is planning to open a further 12 to 14 dual brand location in 2025. Dine is also undertaking a major remodeling program to refresh the brand's tired image. The 'Lookin' Good' scheme is revamping 30 Applebee's locations that Dine took over last November, Restaurant Dive reported.
