\n
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.<\/p>\n
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.<\/p>\n
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.<\/p>\n
Your support makes all the difference.<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\nRead more<\/span><\/svg><\/span><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/div>\nA fan favorite burger spot, Jack in the Box, has closed over 70 restaurants this year, with the potential for even more stores to follow in the days to come. <\/p>\n
Earlier this year, the fast food franchise announced plans to permanently close 150 to 200 underperforming restaurants across the U.S., according to a press release. The move is part of the brand\u2019s \u201cJack on Track\u201d plan, which looked to improve the company\u2019s finances.<\/p>\n
Jack in the Box said in April that between then and December 31, it would close 80 to 120 stores. The company has since followed through, shuttering a total of 71 restaurants as part of the \u201cJack on Track\u201d plan.<\/p>\n
However, as the company has yet to hit its target number of closed restaurants, more shops could shut within the next few days. <\/p>\n
The Independent<\/em> has contacted a representative for Jack in the Box for comment. <\/p>\n\n
\n<\/p>\n
open image in gallery<\/span><\/button><\/p>\n<\/div>Jack in the Box closed 71 restaurants between April and December (Getty Images)<\/span><\/figcaption><\/figure>\n<\/div>\n\n
\n<\/p>\n
open image in gallery<\/span><\/button><\/p>\n<\/div>Jack in the Box said in April that it plan to close up to 120 restaurants by the end of 2025 (Getty Images)<\/span><\/figcaption><\/figure>\n<\/div>\nAt the time of the April announcement, Jack in the Box was operating 2,200 locations across 22 states, most of which are located on the West Coast. California alone had 942 restaurants, making up 43 percent of the company\u2019s total.<\/p>\n
When announcing the \u201cJack on Track\u201d plan in the April press release, the company said that once its restaurant closure program was completed, \u201cJack in the Box expects to deliver consistent, positive net unit growth, helped by the strong performance of new markets and tremendous whitespace opportunities.\u201d<\/p>\n
\u201cIn my time thus far as CEO, I have worked quickly with our teams to conclude that Jack in the Box operates at its best, and maximizes shareholder return potential, within a simplified and asset-light business model,\u201d Lance Tucker, Chief Executive Officer at Jack in the Box, said in a statement. <\/p>\n
\u201cOur actions today focus on three main areas: addressing our balance sheet to accelerate cash flow and pay down debt, while preserving growth-oriented capital investments related to technology and restaurant reimage; closing underperforming restaurants to position ourselves for consistent net unit growth and competitive unit economics; and, an overall return to simplicity for the Jack in the Box business model and investor story.\u201d<\/p>\n
The franchise was also hoping to pay off $300 million in debt in the next two years from closing these locations.<\/p>\n
Meanwhile, Jack in the Box isn\u2019t the only chain riddled with issues.<\/p>\n
Macy\u2019s also announced plans to close 66 store locations and its iconic Fulton Street location in Brooklyn after 30 years by the end of 2025.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story. The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it. Your support makes all the difference. Read more A fan favorite burger spot, Jack in the Box, has closed over 70 restaurants this year, with the potential for even more stores to follow in the days to come. Earlier this year, the fast food franchise announced plans to permanently close 150 to 200 underperforming restaurants across the U.S., according to a press release. The move is part of the brand\u2019s \u201cJack on Track\u201d plan, which looked to improve the company\u2019s finances. Jack in the Box said in April that between then and December 31, it would close 80 to 120 stores. The company has since followed through, shuttering a total of 71 restaurants as part of the \u201cJack on Track\u201d plan. However, as the company has yet to hit its target number of closed restaurants, more shops could shut within the next few days. The Independent has contacted a representative for Jack in the Box for comment. open image in gallery Jack in the Box closed 71 restaurants between April and December (Getty Images) open image in gallery Jack in the Box said in April that it plan to close up to 120 …<\/p>\n","protected":false},"author":1,"featured_media":10115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.seekyourlove.com\/index.php?rest_route=\/wp\/v2\/posts\/10114"}],"collection":[{"href":"https:\/\/www.seekyourlove.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.seekyourlove.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.seekyourlove.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.seekyourlove.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10114"}],"version-history":[{"count":0,"href":"https:\/\/www.seekyourlove.com\/index.php?rest_route=\/wp\/v2\/posts\/10114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.seekyourlove.com\/index.php?rest_route=\/wp\/v2\/media\/10115"}],"wp:attachment":[{"href":"https:\/\/www.seekyourlove.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.seekyourlove.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.seekyourlove.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}