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Applebee's to close up to 80 restaurants

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Applebee's announced plans to close 60 to 80 of its restaurants in 2018. That follows 99 closures in 2017.

IHOP, Applebee's sister brand, also plans to close 30 to 40 locations during 2018.

"The expected closures will be based on several criteria, including meeting our brand and image standards as well as operational results," officials with parent company Dine Brands said in a statement.

Read more from Business Insider.

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