IHOP, Applebee's owner plans up to 160 restaurant closings - WFMJ.com News weather sports for Youngstown-Warren Ohio

IHOP, Applebee's owner plans up to 160 restaurant closings

Posted: Updated:

The operator of Applebee's and IHOP restaurants has said that it plans to close as many as 160 locations.

Richard J. Dahl, Chairman and interim Chief Executive Officer of DineEquity, Inc. announced on Thursday that the company plans to shut down between 105 and 135 Applebee's restaurants and between 20 and 25 IHOP that he says are not performing up to expectations.

The company has not disclosed which restaurants will be shut down.

IHOP operates restaurants in Boardman and Niles. Applebee's has locations in Niles, Boardman and Alliance, Ohio, as well as in Hermitage and New Castle, Pennsylvania.

Dahl also announced that DineEquity plans 20 to 30 new franchisees for Applebee's, and 80 to 95 new IHOPs.

"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," said Dahl.

  • More From wfmj.comHot ClicksMore>>

  • Billy Graham mourned as body taken to his namesake library

    Billy Graham mourned as body taken to his namesake library

    Sunday, February 25 2018 8:59 PM EST2018-02-26 01:59:03 GMT
    (AP Photo/Nell Redmond, File). FILE - In this Dec. 20, 2010 file photo, evangelist Billy Graham, 92, speaks during an interview at the Billy Graham Evangelistic Association headquarters in Charlotte, N.C. Graham, who died Wednesday, Feb. 21, 2018, at h...(AP Photo/Nell Redmond, File). FILE - In this Dec. 20, 2010 file photo, evangelist Billy Graham, 92, speaks during an interview at the Billy Graham Evangelistic Association headquarters in Charlotte, N.C. Graham, who died Wednesday, Feb. 21, 2018, at h...
    The Rev. Billy Graham's body will be brought to his hometown of Charlotte on Saturday as part of a procession expected to draw crowds of well-wishers.More >>
    The Rev. Billy Graham's body will be brought to his hometown of Charlotte on Saturday as part of a procession expected to draw crowds of well-wishers.More >>
  • Caller told FBI Florida shooting suspect 'going to explode'

    Caller told FBI Florida shooting suspect 'going to explode'

    Sunday, February 25 2018 1:41 PM EST2018-02-25 18:41:52 GMT
    (Mike Stocker/South Florida Sun-Sentinel via AP). Margarita Lasalle, a bookkeeper and Joellen Berman, a guidance data specialist, look at a memorial Friday, Feb. 23, 2018 as teachers and school administrators returned to Marjory Stoneman Douglas High S...(Mike Stocker/South Florida Sun-Sentinel via AP). Margarita Lasalle, a bookkeeper and Joellen Berman, a guidance data specialist, look at a memorial Friday, Feb. 23, 2018 as teachers and school administrators returned to Marjory Stoneman Douglas High S...
    A woman close the man charged with killing 17 people at a Florida high school warned the FBI he had rifles and said, "I know he is going to explode.".More >>
    A woman close the man charged with killing 17 people at a Florida high school warned the FBI he had rifles and said, "I know he is going to explode.".More >>
  • After years of dejection, proponents of gun laws see hope

    After years of dejection, proponents of gun laws see hope

    Sunday, February 25 2018 12:09 PM EST2018-02-25 17:09:14 GMT
    (Michael Laughlin/South Florida Sun-Sentinel via AP, File). FILE - This Feb. 21, 2018 file photo shows Marjory Stoneman Douglas High School student Cameron Kasky, left, asking a question to Sen. Marco Rubio during a CNN town hall meeting in Sunrise, Fl...(Michael Laughlin/South Florida Sun-Sentinel via AP, File). FILE - This Feb. 21, 2018 file photo shows Marjory Stoneman Douglas High School student Cameron Kasky, left, asking a question to Sen. Marco Rubio during a CNN town hall meeting in Sunrise, Fl...
    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.More >>
    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms