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Pollo Tropical closing 30 restaurants
THOMASDISHAW.COM Apr 24, 2017
Retail isn’t the only sector struggling. According to this NBC report Pollo Tropical will be closing 30 underperforming locations.
The Fiesta Restaurant Group will close 30 Pollo Tropical restaurants in Texas, Georgia and Tennessee.
Back in October, Pollo Tropical closed 10 of its then 209 locations, most of those in Texas.
On Monday, Dallas-based Fiesta said it was closing all Pollo Tropical locations in Dallas-Fort Worth, Austin and Nashville. Fiesta said it would continue to operated 19 Pollo Tropical restaurants outside its original market of Florida, including 13 in Atlanta and six in Texas.
As many as five closed Pollo Tropicals may be converted to Fiesta’s Taco Cabana brand, the company said.
Fiesta said preliminary same-store sales for the first quarter ended April 2 showed declines continued at both its brands. Preliminary same-store sales fell 6.7 percent at Pollo Tropical and dropped 4.5 percent at Taco Cabana.
http://www.thomasdishaw.com/pollo-tropical-closing-30-restaurants/
THOMASDISHAW.COM Apr 24, 2017
Retail isn’t the only sector struggling. According to this NBC report Pollo Tropical will be closing 30 underperforming locations.
The Fiesta Restaurant Group will close 30 Pollo Tropical restaurants in Texas, Georgia and Tennessee.
Back in October, Pollo Tropical closed 10 of its then 209 locations, most of those in Texas.
On Monday, Dallas-based Fiesta said it was closing all Pollo Tropical locations in Dallas-Fort Worth, Austin and Nashville. Fiesta said it would continue to operated 19 Pollo Tropical restaurants outside its original market of Florida, including 13 in Atlanta and six in Texas.
As many as five closed Pollo Tropicals may be converted to Fiesta’s Taco Cabana brand, the company said.
Fiesta said preliminary same-store sales for the first quarter ended April 2 showed declines continued at both its brands. Preliminary same-store sales fell 6.7 percent at Pollo Tropical and dropped 4.5 percent at Taco Cabana.
http://www.thomasdishaw.com/pollo-tropical-closing-30-restaurants/
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