Economy alert: Papa John's closes 74 locations after financial losses - list of sites here
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Papa John’s to close hundreds of restaurants as it moves to cut costs
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MSNRachel Dobkin
Papa John's is closing hundreds of restaurants after a tough quarter. Thursday -- the company said about 300 underperforming North American locations will shut down by the end of 20-27. About 200 of those closures are expected this year. Executives say the affected stores are not meeting brand expectations or lack a clear path to profitability. It is also cutting about 7% of its corporate workforce. Papa John's operated about 35-hundred locations at the end of last year. | Brian Allen KSFY
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