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Chain restaurants used to be pretty stable businesses, so private equity owners had a good idea of what costs and sales would be, she says, but the pandemic made the business much more volatile ...
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 ...
In order to keep up with more profitable sales from dine-in customers, many restaurants are shutting down delivery and online sales during peak periods, such as evenings and weekends, or at times ...
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. ... targeting “outdated” locations with low sales far ...
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.
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 ...
Consumers spent more than $96.5 billion at restaurants last month, per the latest data from the U.S. Census Bureau. But during the week of March 13, 2023, consumers' visits were down 4.4%.
Rubio's also has been struggling under the shadow of Mexican restaurant giant Chipotle in the hyper-competitive segment known as fast casual. And then there were the costs: rising food prices and ...