McDonald's Plans To Close More Restaurants Than It Opens This Year

Published August 14, 2015 at 1:33 PM EDT

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For the first time in 40 years, McDonald's will close more locations this year than it opens. (Mike Mozart/Flickr)

This week, McDonald’s announced that it’s planning to close more restaurants that it’s opening in the United States this year. It’s the first time in 40 years that the fast-food chain has scaled back like this.

McDonald’s has been struggling to lift itself from its worst sales slump in more than a decade. Here & Now’s Jeremy Hobson talks to Michael Regan of Bloomberg News about the announcement.

Guest

Michael Regan, editor for Bloomberg News. He tweets @Reganonymous.