Tim Hortons Inc. could retreat from Southern New England thanks to fierce competition from its larger, more established rival, Dunkin’ Donuts.
The Canadian coffee-and-doughnut chain suggested in a recent regulatory filing that it could pull out of the region if customer traffic and sales don’t improve.
Tim Hortons entered Southern New England with its $41.6 million purchase of 42 Bess Easton restaurants in 2004. It now operates 23 Rhode Island locations, 10 in Connecticut and two in Massachusetts.
“Failure to establish the Tim Hortons brand in these markets in the near future will result in a viability review for some or all of these markets,” the company said in a U.S. Securities and Exchange Commission filing.
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