marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
restaurant closures
12/11/2024
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By Arsenio Toledo
Wendy’s announces closure of 140 restaurants nationwide
Wendy’s has announced the closure of 140 underperforming locations in the United States. This decision is part of a strategic effort to streamline operations, improve profitability and focus on high-growth areas. The 140 restaurant closures were identified through a comprehensive, data-driven review. These locations were described as outdated and underperforming, with financial results “well below […]
10/29/2024
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By Ava Grace
Denny’s to shut 150 of its most underperforming restaurants in the U.S. by end of 2025
Diner-style restaurant chain Denny’s has announced that it is closing 150 of its lowest-performing restaurants in the United States in an effort to turn around the brand’s flagging sales. About half of the closures will happen this year and the rest in 2025, the company said during a meeting with investors, with the goal of strengthening […]
07/09/2024
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By Olivia Cook
Fast-casual pizza chain MOD Pizza in the red, considers BANKRUPTCY FILING
Fast-casual restaurant chain MOD Pizza appears to be in the red and is reportedly considering filing for bankruptcy. Bloomberg News first disclosed the development, citing unnamed sources. The report said while bankruptcy is a possibility, MOD Pizza could still choose a different path. The company is “exploring all options” to improve its financial situation, according […]
06/26/2024
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By Olivia Cook
Casual dining restaurant chain Hooters CLOSES several locations nationwide as “restaurant apocalypse” worsens
Casual dining restaurant chain Hooters – known for its iconic wings and the signature Hooters Girls – has announced the closure of several locations across the United States. The closures appear to impact Hooters locations in 14 states. According to Hooters’ owner Nord Bay Capital, economic challenges such as rising food, labor and rent costs […]
05/30/2024
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By Ava Grace
Casual dining chain Red Lobster officially files for BANKRUPTCY
Casual dining chain Red Lobster, which became famous for popcorn shrimp and “endless” seafood deals, has officially filed for bankruptcy. Citing a CNBC report, 100 Percent Fed Up said the seafood restaurant cited “a difficult macroeconomic environment, a bloated and under-performing restaurant footprint, failed or ill-advised strategic initiatives and increased competition” in its Chapter 11 […]
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