Applebee’s to Close up to 135 Restaurants

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DineEquity, the parent company of Applebee’s and IHOP restaurants, has announced they plan to close as many as 135 Applebee’s and up to 25 IHOP restaurants. They did not say which restaurants were on the list. Profitability is the primary determining factor, along with what the company calls “operational results” and “brand quality standards.” In Martinsville, Texas Steakhouse and Applebee’s shared the same parking lot on Commonwealth Boulevard. Texas Steakhouse recently closed leaving its building vacant.