Here is a breakdown of the major chains scaling back their Colorado presence this month.
1. Noodles & Company: The Hometown Retraction
Based right here in Broomfield, Noodles & Company is in the midst of a significant strategic turnaround. After identifying dozens of underperforming units nationwide, the chain is closing a fresh wave of restaurants this month as part of its plan to shutter up to 50 locations by the end of the year.
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- The Colorado Impact: Because of its high density, Colorado is seeing several closures of older, company-owned units.
- The Why: Management has cited a need to remove “negative cash flow” sites to…