The restaurant industry has suffered at the hand of the global crisis. The failure of the restaurant business has come and some restaurants are not going to be able to recover from these losses and will have to close locations. These are the major chains that are in serious danger of disappearing altogether.
Applebees has closed more than 120 of its locations, and is down to approximately 1,200 locations. Dine Brands, has been putting in deals like $1 cocktails, healthier options, and a new delivery option, but none of their ideas seemed to work, and is planning on closing yet another 20 locations this year.
Carrabba's Italian Grill
Bloomin' Brands decided to slowly start closing down locations, which included several Bonefish Grill and Outback Steakhouse locations as well.
Sbarro also does not deliver and is usually located in food courts at malls, which are becoming a thing of the past. Sbarro has closed hundreds of their locations, including their iconic spot in Times Square.
Over the last decade, the chain closed 76 of them between 2018 and 2020.
Hooters has closed more than 7% of their locations and lost millions of dollars in earnings. In an attempt to keep up with the times, the chain changed some of their locations to "Hoots" where the waitresses are more conservatively dressed.
Boston Market has filed for Chapter 11 and was forced to shut the doors on 700 of its locations. In an attempt to remain afloat, they signed a development deal to open many new locations in the Middle East, but their US market seems to be closing.
Papa John's Pizza has suffered a big hit to its brand as a result of the controversy surrounding its founder, John Schattner. The result of which is seen in their store closures and loss in sales. The chain still has more than 3,000 locations nationwide, but it looks like that is going to change.
One of the oldest chains around, has closed hundreds of locations, with 500 remaining in the country. They are working on rebranding and remodeling.
Steak 'n Shake
Steak n' Shake is in the middle of a complete rebranding in the hopes of raising their sales. They have closed more than 100 restaurants.
Joe's Crab Shack
The chain filed for bankruptcy and shut down 41 locations without giving their employees any notice. All in all, they are just about done.
The Cheesecake Factory
Over the years, the chain has also seen quite a few legal woes come their way. Now, there are only 195 of these restaurants left in the country.
TGI Friday's merged with Allegro Merger Corp. in order to find a way to be more profitable. They have been purchasing underperforming franchises and redoing their menus to boost profits.