As markets and consumers change, more and more chain restaurants have found themselves struggling to adjust. These restaurants have been closing down locations, seeing declining sales, and other numbers that indicate their days might be numbered. Make sure to scroll the end of the article to see which beloved chain shut down over 1,000 locations this year!
Yes, the faithful home of the whopper will have closed 250 locations by the end of this year, in addition to the 100 shut down the year before. Apparently the ones sticking around will have new, cutting edge technology — ideally to make up for the lost business.
This restaurant made the fatal mistake of putting most of its locations in malls and suburbia, which simply doesn’t have the draw it used to. The stock plummeted in 2018, and CFO Matthew Clark apparently cited the “hourly wage-inflation rate” (aka paying your employees fairly) as one of the reasons they can’t cut it anymore.
Ten locations closed in 2018, and four menu items were taken off in the same year. While the chain is currently still holding on, the restaurant might be off the grid sooner rather than later.