BusinessInsider reported today that McDonald’s plans to close 200 of its restaurants across the United States as a result of a 30 percent drop in profits during the coronavirus pandemic.
The report did not indicate where those 200 stores are located. The restaurant chain, however, also plans to open 950 new stores, with 400 of them being in China.
“McDonald’s has adapted operations and plans to make major investments in marketing, [CEO Chris Kempczinski] said. Executives emphasized the importance of drive-thru, delivery, and digital sales as crucial aspects of McDonald’s recovery,” BusinessInsider reported.
As with other restaurants and businesses, McDonald’s was forced to close its dining rooms during the coronavirus pandemic. Some dining rooms have reopened.
CNN reported earlier this month that the chain was reconsidering plans to open more dining rooms.
“McDonald’s is hitting pause on its plan to reopen its dining rooms for three weeks as states across the country block restaurants from reopening because of rising cases of Covid-19.”
Of the 200 stores that are closing, BusinessInsider said, “More than half of these closures are McDonald’s with lower sales volumes located in Walmart stores.”
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