Dunkin’ Donuts announced it would shutter all of its Utah locations in a statement on its website.
The company cited a “challenging environment” in the state as the reason for the closure, saying that “while we have made significant progress in recent years, we have not been able to overcome the challenges faced in Utah.”
The closures come as part of a larger trend for Dunkin’ Donuts, which has seen a sharp drop in sales in recent years. In 2017, the company reported sales of $2.
7 billion, down from $3.1 billion in 2012.
While some attribute the changes in the industry to a variety of factors, including increasing competition and the rise of coffeehouses, some say that the closures of Dunkin’ Donuts locations in Utah are a symptom of the state’s overall economic struggles.
Utah has been hit particularly hard by the recession, and the state’s economy has not recovered as quickly as those in other parts of the country. The closures of Dunkin’ Donuts locations in Utah may be a sign that the state’s economy is not rebounding as quickly as the company had hoped.
