By the end of 2015, McDonald’s will see a drop of 59 restaurants across the United States. Results for the company have been disappointing over the past 3 years.
McDonald's CEO Steve Easterbrook told investors recently that domestic US results have been disappointing over the past three years. As reported by Bloomberg News, the chain has approximately 14,350 US locations. In 2014 alone it closed 184 restaurants and planned to open 125 new ones in 2015. This means the number of franchises will shrink by 59 stores total. The hefty drop in domestic operations has not occurred in over 45 years according to the Associated Press and the company is now 60 years old. The chain’s issues are not contained only to the United States. All over the world, McDonald's
set to close 700 stores that are performing below expectations. Corporate employees have been affected as a result of this. To date, McDonald’s has laid off more than 260 people in its Oak Brook, Illinois offices, according to Crain’s Chicago Business. McDonald’s is in the process of implementing a strategic plan that will entail corporate restructuring, new menu strategies, and technological developments including ordering by app and kiosk. The company expects global comparable sales to be positive next quarter, but a domestic turnaround will likely take longer.
Page 2 of 2