We've all had the experience of learning that one of our favorite go-to neighborhood coffee shops or burger joints is going out of business.
Over the last several years, Applebee's has faced numerous closures, shuttering around 300 restaurants since 2017. Last year, the chain closed 46 locations, and this year, Applebee's is bidding farewell to even more restaurants.
At the beginning of the year, TGI Fridays announced the closure of 36 "underperforming" restaurants in select markets across the U.S. This decision was part of its "ongoing growth strategy," according to a company press release.
According to the chain's earnings release, Denny's plans to close 10 to 20 locations in 2024. These would slow the closure rate relative to last year, according to Restaurant Dive.
Boston Market has been on the decline for some time, confronting mass closures, legal issues, and other financial troubles. In 2023, the restaurant chain had around 300 restaurants.
In March 2024, fast-casual chain Mod Pizza shut down 27 restaurants across 11 states and the District of Columbia. The closures affected restaurants in California, Philadelphia, and Oregon.
On April 19, Tijuana Flats, a chain of fast-casual Tex-Mex restaurants, announced it had filed for Chapter 11 bankruptcy and closed 11 restaurants. Flatheads, LLC. is now acquiring the restaurant brand.
While those closings coincided with the bankruptcy news, they weren't the first Tijuana Flats closings this year. The brand has shuttered a total of 40 restaurants since the start of 2024.