Thursday, July 25, 2013

Industry News: Declerating

9 Qdoba Mexican Grill locations closed this month, and another 36 units are expected to shutter in Chicago, Southern California, Boston, Cincinnati, Ohio, New York City, Florida and Tennessee as part of a plan to remove underperforming restaurants. Parent company Jack in the Box Inc. said 67 company-operated Qdoba restaurants would close by Sept. 29, the end of the company’s fiscal year...Jean Coutu Group has sold its remaining shares of Rite-Aid Corp., ending the chain’s unsuccessful attempt to break into the US market. The company received the Rite-Aid stock in 2006 as partial payment for its American assets, which included 1,521 Eckerd drugstores and 337 Brooks pharmacies in the United States.

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