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Speedway to close 100 Dunkin' Donuts stores

Speedway LLC, a leading convenience and fuel retailer in the United States plans to close 100 franchised-owned Dunkin'Donuts kiosks in 2015 and 2016, the baked goods company reported.



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Nearly all of the roughly 8,200 Dunkin’ Donuts restaurants in the United States are owned and operated by franchisees. The company announced Speedway will continue to be a franchisee, reported CSP News.

During an investor presentation on October 1, the company said that the closing of the 100 Speedway-operated stores had a minor effect for they only accounted for 0.1% of its US sales.

“Their closure [of the stores] presents Dunkin' Donuts with an opportunity to re-enter many trade areas with full-menu traditional restaurants. In fact, Dunkin' Donuts franchisees are opening a new restaurant every 16 hours,” told CSP News a Dunkin´Donuts spokesperson.

By the end of the second quarter 2015, Dunkin' Brands' nearly 100% franchised business model included more than 11,400 Dunkin' Donuts restaurants and more than 7,600 Baskin-Robbins restaurants.

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