Bloomin’ Brands Inc. said on Tuesday that it would close about 22 underperforming Outback Steakhouse units by the end of the first quarter of 2014 in a move aimed at paving the way for new growth. The planned closures will target locations with moderately negative sales that are not good candidates for relocation, said Dave Deno, executive vice president and chief financial and administrative officer for Tampa, Fla.-based Bloomin’ Brands. “For us, it’s all about ...
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Contact: Desiree Torres Desiree.Torres@penton.com