Author Topic: Dunkin' to permanently close 800 US stores in 2020, 8% of US restaurants  (Read 505 times)

0 Members and 1 Guest are viewing this topic.

Online PeteS in CA

  • Hero Member
  • *****
  • Posts: 8,973
Dunkin' to permanently close 800 US stores in 2020, 8% of US restaurants

https://www.foxbusiness.com/markets/dunkin-coronavirus-closing-800-us-stores

Quote
Dunkin' expects to permanently close approximately 800 U.S. locations by the end of 2020, the company said Thursday.

The closures, which include 450 locations in Speedway gas stations that had previously been announced, account for 8 percent of the donut coffee chain's domestic restaurant footprint and approximately 2 percent of its U.S. systemwide sales in 2019, according to a regulatory filing.

I was unable to find a list of closing stores.
US Coronavirus timeline: http://www.gopbriefingroom.com/index.php/topic,395099.msg2169385.html#msg2169385

China Coronavirus timeline: http://www.gopbriefingroom.com/index.php/topic,395099.msg2184146.html#msg2184146

Achhhhh ... ssss ... sss ... I HATES Clicksbaitsesssssss!

Think of the Press as Democratic Operatives with Bylines and it All Makes Sense - Glenn Reynolds, Instapundit blog

Modern journalism is all about deciding which facts the public shouldn't know because they might reflect badly on Democrats. - Jim Treacher

Online GtHawk

  • Hero Member
  • ****
  • Posts: 6,330
  • Gender: Male
  • Wake me up when the world is sane again!
Not the first time for them, at least here in California.

RIP Rocky 7/5/2008 - 7/24/2020
You Have Earned Your Rest My Friend


Sometimes life just sucks

Online catfish1957

  • Dead Tired of Legislators Using our Tax Dollars like Crack
  • Mod
  • *****
  • Posts: 12,269
  • Gender: Male
Guarantee this won't be the first chain announcing these type of cuts.  Outside those with an established business model including delivery, the blood letting in this sector is going to get pretty ugly.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online libertybele

  • Hero Member
  • ****
  • Posts: 26,178
  • Gender: Female
Guarantee this won't be the first chain announcing these type of cuts.  Outside those with an established business model including delivery, the blood letting in this sector is going to get pretty ugly.

The shutdown has been a disaster on the economy and I think we are just now starting to see and feel the impact.  Several chain retail stores have closed around here, though some were struggling due to Amazon's share of the market.  Restaurants took a hit as well and some  have shuttered permanently.  We have a strip mall not far from here that most of the stores are now closed.  I don't see any coming back from this, what type of business is going to thrive in those empty retail spaces now?? 
I Believe in the United States of America as a Government of the people, by the people, for the people; whose just powers are derived from the consent of the governed; a democracy in a republic; a sovereign nation of many sovereign states; a perfect union, one and inseparable; established upon those principles of freedom, equality, justice and humanity for which American patriots sacrificed their lives and fortunes. I therefore believe it is my duty to my country to love it; to support its Constitution, to obey its laws; to respect its flag; and to defend it against all enemies.

Online catfish1957

  • Dead Tired of Legislators Using our Tax Dollars like Crack
  • Mod
  • *****
  • Posts: 12,269
  • Gender: Male
The shutdown has been a disaster on the economy and I think we are just now starting to see and feel the impact.  Several chain retail stores have closed around here, though some were struggling due to Amazon's share of the market.  Restaurants took a hit as well and some  have shuttered permanently.  We have a strip mall not far from here that most of the stores are now closed.  I don't see any coming back from this, what type of business is going to thrive in those empty retail spaces now??

What is sad, is the economic baseline for a Biden admin, will be set so low, that even his mishandling might yield some faux decent results. 
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online roamer_1

  • Hero Member
  • ****
  • Posts: 24,025
Guarantee this won't be the first chain announcing these type of cuts.  Outside those with an established business model including delivery, the blood letting in this sector is going to get pretty ugly.

And not JUST this sector... This is coming across the board. Food services is just the most vulnerable.

Online catfish1957

  • Dead Tired of Legislators Using our Tax Dollars like Crack
  • Mod
  • *****
  • Posts: 12,269
  • Gender: Male
And not JUST this sector... This is coming across the board. Food services is just the most vulnerable.
[/b]

Well, just behind the travel industry.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online libertybele

  • Hero Member
  • ****
  • Posts: 26,178
  • Gender: Female
What is sad, is the economic baseline for a Biden admin, will be set so low, that even his mishandling might yield some faux decent results.

True. He will be seen as a 'hero' after a failed Trump economy!  So sad and most will buy into the hype.
I Believe in the United States of America as a Government of the people, by the people, for the people; whose just powers are derived from the consent of the governed; a democracy in a republic; a sovereign nation of many sovereign states; a perfect union, one and inseparable; established upon those principles of freedom, equality, justice and humanity for which American patriots sacrificed their lives and fortunes. I therefore believe it is my duty to my country to love it; to support its Constitution, to obey its laws; to respect its flag; and to defend it against all enemies.

Online roamer_1

  • Hero Member
  • ****
  • Posts: 24,025
[/b]

Well, just behind the travel industry.

Right. And heavy industry is not faring any better.... Home Depot can't put lumber on the shelves (in friggin Montana no less) Because even though the Big Box stores were deemed essential, the loggers, the mills, and etc were not. A whole lot of folks are wrecked.

Online libertybele

  • Hero Member
  • ****
  • Posts: 26,178
  • Gender: Female
Right. And heavy industry is not faring any better.... Home Depot can't put lumber on the shelves (in friggin Montana no less) Because even though the Big Box stores were deemed essential, the loggers, the mills, and etc were not. A whole lot of folks are wrecked.

I ordered a small GE chest freezer to put out in the garage in April, it was supposed to have been delivered this week.  Because of the unavailability of parts to build freezers which are in demand, the delivery has been delayed till September!  The woman I spoke to running the dispatch said that her husband works on airplanes and they also cannot get parts.

So ... is this because everything was shutdown or does this also have to do with the tariffs on China??
I Believe in the United States of America as a Government of the people, by the people, for the people; whose just powers are derived from the consent of the governed; a democracy in a republic; a sovereign nation of many sovereign states; a perfect union, one and inseparable; established upon those principles of freedom, equality, justice and humanity for which American patriots sacrificed their lives and fortunes. I therefore believe it is my duty to my country to love it; to support its Constitution, to obey its laws; to respect its flag; and to defend it against all enemies.

Online catfish1957

  • Dead Tired of Legislators Using our Tax Dollars like Crack
  • Mod
  • *****
  • Posts: 12,269
  • Gender: Male
I ordered a small GE chest freezer to put out in the garage in April, it was supposed to have been delivered this week.  Because of the unavailability of parts to build freezers which are in demand, the delivery has been delayed till September!  The woman I spoke to running the dispatch said that her husband works on airplanes and they also cannot get parts.

So ... is this because everything was shutdown or does this also have to do with the tariffs on China??

Thanks for sharing.  i have heard that there are more and more examples of supply chain disruptions.  To answer your question above, I am guessing it is a little bit of both.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online roamer_1

  • Hero Member
  • ****
  • Posts: 24,025
I ordered a small GE chest freezer to put out in the garage in April, it was supposed to have been delivered this week.  Because of the unavailability of parts to build freezers which are in demand, the delivery has been delayed till September!  The woman I spoke to running the dispatch said that her husband works on airplanes and they also cannot get parts.

So ... is this because everything was shutdown or does this also have to do with the tariffs on China??

Probably a bit of both - But I opined early on in the shutdown about what would happen, and this is as predicted... Not that it is any great feat. The culprit (beyond the political asshats and plandemic organizers) is JIT (just in Time) manufacturing...

Because of insane tax laws on inventory, JIT production was more or less invented to prevent as much inventory as possible... We cannot sustain a prolonged shutdown - or any shutdown at all - Because there aren't inventories to act as a buffer.

Online libertybele

  • Hero Member
  • ****
  • Posts: 26,178
  • Gender: Female
Probably a bit of both - But I opined early on in the shutdown about what would happen, and this is as predicted... Not that it is any great feat. The culprit (beyond the political asshats and plandemic organizers) is JIT (just in Time) manufacturing...

Because of insane tax laws on inventory, JIT production was more or less invented to prevent as much inventory as possible... We cannot sustain a prolonged shutdown - or any shutdown at all - Because there aren't inventories to act as a buffer.

Thanks for the enlightenment; perhaps those tax laws need to be rethought and reworked?
I Believe in the United States of America as a Government of the people, by the people, for the people; whose just powers are derived from the consent of the governed; a democracy in a republic; a sovereign nation of many sovereign states; a perfect union, one and inseparable; established upon those principles of freedom, equality, justice and humanity for which American patriots sacrificed their lives and fortunes. I therefore believe it is my duty to my country to love it; to support its Constitution, to obey its laws; to respect its flag; and to defend it against all enemies.

Offline mrpotatohead

  • Hero Member
  • ****
  • Posts: 3,414
  • Goodbye B-1 and Hello B-21!
I ordered a small GE chest freezer to put out in the garage in April, it was supposed to have been delivered this week.  Because of the unavailability of parts to build freezers which are in demand, the delivery has been delayed till September!  The woman I spoke to running the dispatch said that her husband works on airplanes and they also cannot get parts.

So ... is this because everything was shutdown or does this also have to do with the tariffs on China??
I tried to purchase a freezer as well.  I found that there was a run on freezers as people weren't eating out as much during this ordeal.  We can't get a freezer for months also.
Romans 5:8 "But God demonstrates his own love for us in this: While we were still sinners, Christ died for us."

Online roamer_1

  • Hero Member
  • ****
  • Posts: 24,025
Thanks for the enlightenment; perhaps those tax laws need to be rethought and reworked?

Oh yeah... That would be about the biggest boon to business that there is...

It is a tough nut though... The problem is, a business can predict tax rate. In order to avoid the taxes, in the past the business would invest into inventory, because at the time, you were not taxed for stock on hand (or at least lightly taxed), which means less money doled out to the old non-working partner, Uncle Sam... And the taxes could be evened out across quarters as the inventory sold.

Now, in order to stop that practice, inventory is taxed hard. So it only makes sense to business not to carry the inventory anymore. Thus JIT.

In my mind, I should be able to write off inventory as materials invested toward a sale. I have hard money tied up in that product. Why should I be taxed on it? It should be a write-off. Let Uncle take his unfair share after the sale when the profit is in hand.
« Last Edit: July 31, 2020, 03:26:40 PM by roamer_1 »

Online libertybele

  • Hero Member
  • ****
  • Posts: 26,178
  • Gender: Female
Oh yeah... That would be about the biggest boon to business that there is...

It is a tough nut though... The problem is, a business can predict tax rate. In order to avoid the taxes, in the past the business would invest into inventory, because at the time, you were not taxed for stock on hand (or at least lightly taxed), which means less money doled out to the old non-working partner, Uncle Sam... And the taxes could be evened out across quarters as the inventory sold.

Now, in order to stop that practice, inventory is taxed hard. So it only makes sense to business not to carry the inventory anymore. Thus JIT.

In my mind, I should be able to write off inventory as materials invested toward a sale. I have hard money tied up in that product. Why should I be taxed on it? It should be a write-off. Let Uncle take his unfair share after the sale when the profit is in hand.

Sounds perfectly logical to me. Something needs to be done, otherwise more and more businesses are going to have to shutter.

I Believe in the United States of America as a Government of the people, by the people, for the people; whose just powers are derived from the consent of the governed; a democracy in a republic; a sovereign nation of many sovereign states; a perfect union, one and inseparable; established upon those principles of freedom, equality, justice and humanity for which American patriots sacrificed their lives and fortunes. I therefore believe it is my duty to my country to love it; to support its Constitution, to obey its laws; to respect its flag; and to defend it against all enemies.


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf