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Arlington Heights Noodles & Company Restaurant Survives Closures

Wed April 05 2017 9:40 pm  http://www.arlingtoncardinal.com/?p=82749
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Noodles & Company chain Wednesday closed 16 restaurants nationwide, including six in Illinois. Illinois restaurants that were closed include Park Ridge, Lake Bluff, Northbrook, Evergreen Park, Roscoe Square (Chicago), and Touhy and McCormick (Chicago).

Broomfield, Colorado‐based Noodles & Company announced in February 2017 that it would close 55 underperforming restaurants, but the company did not reveal what stores would be closing. The 55 restaurants are planned for closures during the first and second quarters

Sixteen Noodles & Company restaurants were closed in late 2015.

Noodles & Company closed a restaurant in Pittsburgh in the middle of the night in March 2017 by moving out its restaurant equipment and removing store logos, and leaving employees to report to for work to an empty storefront.

“We made the difficult decision to close selected underperforming restaurants, allowing us to focus exclusively on capitalizing on the many restaurants that are doing very well in the markets where they operate.”

— Spokeswoman Danielle Moore

Noodle’s & Company’s stock rose on news of the closures, and new restaurants are still in the plans with openings at new locations. Locally, a new Noodle’s & Company restaurant is scheduled to open at the new Wheeling Town Center project at the former Wickes furniture location at Dundee Road and Northgate Parkway by summer 2018.

Noodles & Company, founded by Aaron Kennedy, offered noodle and pasta dishes when it opened its first restaurant in Denver, Colorado in 1995. Company revenue rose from $300,000 in 1996 to $300 million in 2013 when Noodles & Company went public.




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