shrink to grow

McDonald’s Closing More Stores Than It’s Opening For First Time In At Least 40 Years

McDonald’s Closing More Stores Than It’s Opening For First Time In At Least 40 Years

By 6.18.15

For the past several months McDonald’s and its new CEO Steve Easterbrook have attempted to initiate a turnaround for the slumping Golden Arches including earmarking nearly 700 stores for closure. As a result of those measures the company’s footprint is expected to shrink for the first time in nearly four decades. [More]