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In 2023, the restaurant chain had around 300 restaurants. As of March 2024, it's down to a mere 27 stores, according to Restaurant Business. The closures were reportedly driven by landlord ...
TGI Fridays isn't alone either — other restaurant chains that have recently filed for bankruptcy include Red Lobster, Ruby Tuesday's, and Sbarro. Though many are hoping for a rebound with ...
Now, Wendy's has also joined the growing list of restaurant brands closing a significant number of stores in 2024.The burger chain released its latest quarterly earnings results on May 2 ...
1. Red Lobster. As of May 2024, Red Lobster is facing tough times and is shutting down at least 48 locations across the U.S., CNN reports. An online auction is selling off kitchen equipment and ...
Signs on door of a Graeter's ice cream parlor in the Hyde Park neighborhood of Cincinnati during government-mandated closings. The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category.
Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. ... Here's a list of some of the major retailers and restaurants shutting down stores this year.
GEM – initially called Government Employees Mutual Stores, and later Government Employees Mart before settling on G. E. M. Membership Department Stores, a profit-making company that was aimed at the governmental employees market; first store was opened in Denver in 1956; [190] after several expansions, the company filed for bankruptcy in 1974 ...
Restaurant chains across the country are closing locations, including Red Lobster, TGI Fridays, and Denny's. The upheaval of the pandemic, rising costs, changing consumer behaviors, and other ...