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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 ...
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 ...
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 ...
This is a list of casual dining restaurant chains around the world, arranged in alphabetical order. A casual dining restaurant is a restaurant that serves moderately priced food in a casual atmosphere. Except for buffet-style restaurants and, more recently, fast casual restaurants, casual dining restaurants usually provide table service.
Going into 2024, Rite Aid announced that it would close an additional 77 locations. [243] 53 more stores were added to the closing list in April 2024. [244] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [245] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company ...
Of the 40 Hooters locations nationwide that are closing so far, at least six restaurants have closed in Texas, along with four in Florida, and a few in Kentucky and Indiana.
The US restaurant industry was projected at $899 billion (~$1.04 trillion in 2023) in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [2] [3] An estimated 99 percent of companies in the industry are family-owned small businesses with fewer than 50 employees. [4]
Two Outback Steakhouse locations in Ohio are among 41 across the country that Bloomin' Brands, the restaurant's corporate parent, is closing as it weighs underperforming units, according to Nation ...