Wendy's to Close Hundreds of Stores Nationwide
Wendy's recently announced plans to shut down approximately 300 stores across the United States. This latest wave of closures follows a previous announcement to close 150 locations by the end of 2024, bringing the total to over 450 affected stores.
CEO Comments on Store Closures
"When we look at the system today, we have some restaurants that do not elevate the brand and are a drag from a franchisee financial performance perspective," said interim CEO Ken Cook during a quarterly earnings call on November 7. "The goal is to address and fix those restaurants."
Cook also mentioned a desire to retain some locations despite the widespread closures, which will begin later this year.
Impact on New Jersey Locations
Wendy's is among the top ten fast-food chains in New Jersey, home to around 145 Wendy's restaurants, with many situated in South Jersey. It is currently unclear if any New Jersey locations will be included in the closure list, as the company has not provided specific details about which stores will close.
To check the nearest Wendy's, customers are encouraged to use the restaurant locator available on Wendy's official website.
About the Source
This report is based on information compiled by Williams, a Philadelphia-based journalist covering trending news in the Mid-Atlantic region.
Summary: Wendy's plans to close over 300 stores nationwide, with details on specific affected locations, including New Jersey, yet to be confirmed.