Chipotle to close up to 65 stores, revamp menu under new CEO

Chipotle’s share price has risen more than 80 percent since Niccol’s hiring was announced in February as the company focused on how the chain could raise online sales. Chipotle will add “in-app” delivery of its products to about 2,000 restaurants by the end of the year and launch a long-awaited loyalty program in 2019. Executives did not say whether fast-casual dining menu items such as quesadillas and nachos would be added to the menu, and they brushed aside a question about international plans, saying they would focus on “aggressive growth” in the United States. …read more

Source:: Yahoo Finance

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