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Dunkin' plans to cash in on local coffee shops going out of business - Business Insider

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Local coffee shops are being forced out of business by the pandemic — and Dunkin' wants to cash in on their demise

REUTERS/Mario Anzuoni

Dunkin' Brands CEO David Hoffmann said that Dunkin' is well-positioned compared to struggling independent coffee shops thanks in part due to its low prices and booming drive-thru business. were down by 18.7% in the most recent quarter. According to the company, sales had been recovering week-by-week since the beginning of the coronavirus pandemic, reaching single-digit declines in the week ending July 25. Executives said that closing these locations will allow franchisees to invest in remodeling and opening new locations. As the industry struggles, Dunkin' sees the closures of local coffee shops as an opportunity for the chain to expand.

Dunkin' Brands CEO David Hoffmann said that Dunkin' is well-positioned compared to struggling independent coffee shops as a low-touch, affordable option that people visit regularly. The chain plans to remodel more locations into drive-thru stores, as locations with drive-thru performed four times better than those without drive-thrus during the pandemic.

 

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And a Dunkin donuts shot is used in an article about LOCAL coffee shops? Ok.

Um, don’t think so:

It’s nothing personal, it’s striy business.

when the pandemic is over, hundreds of thousands of small (and not-so-small) businesses will have failed, and well-funded companies & private equity firms will swoop in and either buy the assets for a song or just grab their former customers. More wealth concentration.

It’s gonna be five months since I’ve had Dunkin😭

if anything should be small and locally owned, it's a coffee shop, to benefit so many more people.

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