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Wendy's has announced plans to close 140 underperforming restaurants by the end of 2024, on top of the 100 it said it would close in May. ... The chain reported a 2.8% increase in same-store sales ...
Red Lobster also closed 23 restaurants in August, after closing 83 locations earlier this year, as part of its bankruptcy proceedings. In June, Hooters closed an unspecified number of restaurants.
Additionally, Restaurant Business Magazine reported that the chain closed 113 restaurants in 2018 alone and then shuttered another 140 between 2018 and May 2024. Dickey’s had 385 locations left ...
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]
The chain saw its sales begin to decline in 2017, filed for Chapter 11 bankruptcy in 2020, and has been closing restaurants ever since, Restaurant Business Magazine reported. Rubio's is now down ...
F.A.O. Schwarz – sold to Toys 'R Us after bankruptcy in 2009; all stores closed except original NYC flagship store, which closed in 2015. [178] The chain was bought out by ThreeSixty group and opened two new locations in Rockefeller Center, and LaGuardia airport, with plans to open up to 30 more in the future.
Wimpy Grills – founded in Bloomington, Indiana, in 1934; eventually grew to 25 locations within the United States and 1,500 outside of the U.S.; its international locations were eventually sold to J. Lyons and Co. in the United Kingdom, which remains open while all of the American locations eventually closed by 1978 [14] [15] [16] [17]
Wendy’s is closing 140 restaurants in the coming months, the fast food chain announced this week. But the company said it would open an equal number of new locations in areas it believes can ...