Dunkin' Donuts to permanently shut 800 outlets in the US

American multinational coffee and doughnut company Dunkin' Donuts has announced the closure of over 8% of its locations in the US.

With this, the coffee chain would permanently shut close to 800 restaurants in the country.

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It announced the changes in its second quarter earnings, released Thursday. Dunkin' described the closures as "real estate portfolio rationalization" and said the affected locations are in "low-volume sales locations" that only represent 2% of its US sales as of 2019.

More than half of the closures are in Speedway convenience stores, a change it previously announced in February.

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These locations are set to be closed by the end of this year.

It has also mentioned that it may close about 350 locations outside of the US.