Applebee’s and IHOP are closing some of their stores around the country after a quarter of declining sales.
The parent company of the two chains, DineEquity, said in a news release they’re planning on closing 105-135 Applebee’s restaurants and 20-25 IHOP restaurants. But at the same time, they aim to open 20-30 Applebee’s internationally and 80-95 new IHOP restaurants, most in the U.S.
DineEquity has not yet announced which locations will be closing.
Applebee’s has six metro-east locations, in Swansea, Shiloh, Collinsville, Glen Carbon, Granite City, and Waterloo, along with four St. Louis locations. IHOP has five metro-east locations, in Belleville, O’Fallon, Glen Carbon, Wood River and Alton, along with six St. Louis locations.
Officials said the closings will be based on several criteria, including the profitability of locations, their operational results and whether they meet the company’s quality standards.