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Jack in the Box to Close 200 Restaurants, Sell Del Taco

4/26/2025

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Summary

Story summary

In a bold move to boost financial health, Jack in the Box is set to shutter 150 to 200 struggling restaurants, with 80 to 120 closures expected by year-end. The San Diego-based chain is also contemplating the sale of Del Taco, acquired just last year, to cut debt and streamline its operations.

History

Historical Context

Jack in the Box's closure of 150-200 restaurants reflects ongoing retail struggles since the 2008 financial crisis. This period saw major chains like Sears shrink dramatically. The "retail apocalypse" trend, exacerbated by COVID-19, continues to challenge the restaurant industry, highlighting shifting consumer habits.

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Story summary

In a bold move to boost financial health, Jack in the Box is set to shutter 150 to 200 struggling restaurants, with 80 to 120 closures expected by year-end. The San Diego-based chain is also contemplating the sale of Del Taco, acquired just last year, to cut debt and streamline its operations.

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