2 months ago
10
(KTLA) – Jack successful the Box announced plans Tuesday to adjacent 150 to 200 underperforming stores arsenic portion of an assertive fiscal program called “JACK connected Track.”
The company’s CEO said that the fast-food chain, which is known for its Jumbo Jack and sarcastic mascot, is focused connected accelerating currency travel and paying down debt.
Jack successful the Box operates immoderate 2,200 stores crossed 22 states, chiefly connected the West Coast, including galore locations successful Southern California.
Jack successful the Box, Inc., besides owns Del Taco, different fast-food concatenation headquartered successful California. Jack successful the Box's plans to streamline finances could interaction the aboriginal of the taco chain, which operates immoderate 600 locations.
In its property release, Jack successful the Box said the institution is exploring "a imaginable divestiture" of Del Taco, which is presently the second-largest Mexican-American quick-service chain.
Many of the Jack successful the Box closures are expected by the extremity of the year, with remaining underperforming locations closing erstwhile franchise agreements terminate.
Jack successful the Box has not yet specified which of its restaurants would beryllium closing.
