McDonald’s have confirmed that they are closing 500 further chains around the world amid a a staggering drop in sales at the fast-food giant.
McDonald’s spokeswoman Becca Hary confirmed the closures just days after the company withdrew its branches from the Middle East and three Latin American countries.
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“It’s important to note that while we will have a net reduction in restaurants [in the US], the impact is minimal in comparison to the 14,000 restaurants we operate across the US. We consistently review our restaurant portfolio and make strategic decisions to better position our business for the future,” Hary told The Street.
Anonhq.com reports:
https://twitter.com/The_Purple_Mage/status/737599319830712321
In 2015, McDonald’s closed 700 under-performing restaurants primarily in Japan, the US and China – 350 more than it had planned – due to a significant decline in global sales. McDonald’s CEO Steve Easterbrook had informed the Wall Street Journal last year that drastic changes were required to be implemented in order to improve McDonald’s financial struggles and its suffering reputation.
“I think there is a hunger and an interest in our business to embrace change. McDonald’s management team is keenly focused on acting more quickly to better address today’s consumer needs, expectations and the competitive marketplace.”
McDonald’s shares have risen 24% during Easterbrook’s 15-month-plus tenure during which he dismissed corporate employees, adjusted kitchen operations, and executed his biggest move – all-day breakfast in the United States. McDonald’s ended 2015 with 36,525 restaurants globally, up about 267 from 2014.
In 2016, McDonald’s has pegged its capital expenditures at $2 billion, with half allocated to reinvestment in its best locations and the other half to open about 1,000 new restaurants. According to Reuters, McDonald’s has received more than half a dozen bids for its China and Hong Kong stores in an auction that could fetch up to $3 billion.
@McDonalds in trouble as outlets found cooking Aloo Tikkis, Fries in 2 weeks' old reused oil https://t.co/2awXKVtTnn pic.twitter.com/p37moclhP5
— Business Insider India🇮🇳 (@BiIndia) June 21, 2016
Nonetheless, the fact is McDonald’s has been struggling. The Washington Post reports:
Each time McDonald’s has announced how much money it’s making, the company has been forced to share an embarrassing truth: Americans are eating less and less of its hamburgers, chicken nuggets and French fries. The routine became so consistently depressing that McDonald’s decided to quit sharing monthly performance data altogether in March.
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Yes!! Eat your own FRANKENFOOD…
Yes!! Eat your own FRANKENFOOD…
Wouldn’t be a problem if they went back to serving food instead of tasteless cardboard
Wouldn’t be a problem if they went back to serving food instead of tasteless cardboard
I think the problem might be that they are stretching themselves too much.
They ought to focus on 4 types of burgers. 4 Types of drinks. 2 types of Ice Cream and French fries.
Keep it simple stupid.
I think the problem might be that they are stretching themselves too much.
They ought to focus on 4 types of burgers. 4 Types of drinks. 2 types of Ice Cream and 2 types of chips and make those things taste great!
Keep it simple stupid.
Bring back the original cherry and apple pies.
Bring back the original cherry and apple pies.
This is the end result of chasing money for decades. Had they chased quality, we’d still want to eat it.
Like all other businesses of this current generation who are spending more time and energy amassing money than listening to the recommendations and suggestions of their customers, McDonalds does not care about anything except the money!
This is the end result of chasing money for decades. Had they chased quality, we’d still want to eat it.
They don’t serve food anymore, they serve petrochemicals(just look at the ingredients) with food labels that have enough salt in them to preserve a mummy for thousands of years.
look at the trumpette complaining about GMO while his wet dream trump wants to get rid of all regulations and bring back coal.
My wet dreams are much more interesting than that. Although its been almost 40 years since I had one and I think that last one was about Farrah Fawcett.
They don’t serve food anymore, they serve petrochemicals(just look at the ingredients) with food labels that have enough salt in them to preserve a mummy for thousands of years.
look at the trumpette complaining about GMO while his wet dream trump wants to get rid of all regulations and bring back coal.
My wet dreams are much more interesting than that. Although its been almost 40 years since I had one and I think that last one was about Farrah Fawcett.
McDonald’s, if you want to get your reputation back? Stop using amonia-infused sub-par carcus scraps, stop adding human fetal tissue into your meat product, stop turning people into canabals!!!
First off they need to focus on food! What they serve is putrid! If McDonald’s want to survive they need to be serving locally grown and produced foods. They need to serve veggies and healthy salads. But rather than have McDonald’s actually survive I’d rather see local restaurants start up with interesting menus and perhaps different Ethnicities of local peoples. Locally run. Instead of McDonald’s which is really only interested in serving cheap food and making money.