Dunkin’ closing 450 stores

Dunkin’ to close 450 stores

The doughnut chain formally known as Dunkin’ Donuts is parting ways with the gas station chain Speedway.

In a statement released to the “Today” show, the company said it will close the limited menu Dunkin’ locations at the gas stations by the end of the year.

“By exiting these sites, we are confident we will be better positioned to serve these trade areas with Dunkin’s newest Next Generation restaurant design that offers a broader menu and modern experience. We also remain committed to growing our presence in gas and convenience locations, as well as other non-traditional locations, including airports, universities, travel plazas and military installations,” Kate Jaspon, Dunkin’s chief financial officer, told “TODAY.”

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Dunkin’ relabeled itself in 2018 in an effort to focus on coffee and tea. Beverages make up to 60% of the company’s sales.