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“The U.S. restaurant industry finds itself on the menu,” he wrote in a column for the Daily Mail. Don't miss Beating the market is no myth: These expert stock-pickers' recent success could ...
The closings were first re porte d by National Restaurant News, which said about one-third of all brand-name restaurant chains ended 2023 with fewer locations than they started with. Eating out in ...
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 ...
Howard Johnson's was the largest restaurant chain in the U.S. throughout the 1960s and 1970s, with more than 1,000 combined company-owned and franchised outlets. [2] Today, the chain is defunct—after dwindling down to one location, the last Howard Johnson's restaurant (in Lake George, New York) closed in 2022 due to the COVID-19 pandemic. [3]
A restaurant that is to-go only due to laws created to stop the spread of the coronavirus. In March 2020, restaurants' daily traffic dropped precipitously as the virus spread, compared to the same period in 2019. [25] According to NPR's Yuki Noguchi, "Just about every restaurant nationwide has been hit hard at once, making this disaster unique."
Fans of Outback Steakhouse may be surprised to see their local restaurant permanently closed after the chain’s parent company abruptly shut down dozens of locations around the US.. Bloomin ...
The COVID-19 pandemic exacerbated many issues affecting retailers, as many were forced to shut down due to non-pharmaceutical interventions that were issued in an effort to mitigate the pandemic. [35] At the same time, online shopping boomed during the coronavirus-related lockdown, even though it came back down starting in 2022. [36]
Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy