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An “upscale McDonald's” is a luxury many can't afford, he says. 'Devastating to businesses': Kevin O'Leary explains why restaurants are shuttering across America — and why more will follow
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 ...
Although inflation is slowing, cost-conscious consumers are eating more at home or at lower-cost fast-food restaurants, where the average check is $7.92, about half the average check at a sit-down ...
Some restaurants closed down, some turned to pickup and delivery, and some began doing grocery delivery or meal kit services. [53] On March 23 the New York Post reported that many New York City restaurants were closing down takeout and delivery both due to health concerns for employees and because those businesses were not bringing in enough money.
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 ...
Mass restaurant closures have plagued Subway for nearly a decade, with the chain shuttering hundreds and even more than a thousand units in recent years. According to newly released data, the ...
Howard Johnson's – a restaurant chain that featured an iconic orange rooftop, reasonably priced, consistent-quality menu items; founded in 1929 by Howard Deering Johnson in Quincy, Massachusetts; at its cultural peak, it served more meals outside of the family home than any entity except for the US Army; in 1979 it had 1,040 locations, but ...
From sit-down restaurants to fast-casual eateries, here are 11 chains that have been struggling recently. 1. Kona Grill. The Image Party / Shutterstock.