IHOP will expand its chain like hotcakes.Management of the publicly held IHOP IHOP International House Of Pancakes (restaurant chain) iHOP Information Hyperlinked Over Proteins IHOP International House of Prayer IHOP International H2O Project IHOP International House of Pain Corp., the restaurant franchise, outlined last week plans to boost its number of stores by 25 percent in the next five years, at an analysts meeting held in Baltimore Baltimore, city (1990 pop. 736,014), N central Md., surrounded by but politically independent of Baltimore co., on the Patapsco River estuary, an arm of Chesapeake Bay; inc. 1745. . Executives of the Glendale-based IHOP, known for its International House of Pancakes chain, said at the meeting it planned a total of 620 restaurants by 1996, a net increase of 165 from today. About 45 existing restaurants will be closed in the same time. A recent remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling program is proving successful, said IHOP Chairman and Chief Executive Richard Herzer. "Sales increased in restaurants that were remodeled. Our objective is that each restaurant will be remodeled every five years." IHOP sales, year-to-date through October, are running 7 percent ahead of last year, capping nine full years of revenue growth, said IHOP executives at the meeting. The company's restaurants are concentrated in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, Florida and Texas, said IHOP. |
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