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.
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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.