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And one of these was the Florida-based burger chain BurgerFi. After closing 14 locations in 2023, ... In addition to these closures, BurgerFi's same-store sales fell by 13%. At the same time ...
The most recent round of closings comes after a number of other Frisch’s locations were abruptly shut down this past spring due to similar financial issues related to lower foot traffic in ...
Wirestock Creators / ShutterstockBurger King's store count has shrunk significantly in recent years as the burger chain contended with lagging sales and struggling franchisees. But as the chain ...
As well, the proliferation of gourmet burger chains such as The Burger's Priest and The Works eroded Lick's market share. [8] There was a wave of closings of Toronto-area Lick's franchises in 2012 and 2013, including the closing of the original location. [9] [10] [11] [1] By April 2017, the chain had two stores left: one in Toronto and one in ...
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [39] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
[8] In July 2015, Sentinel Capital Partners acquired Fazoli's 124 company-owned and 89 franchised locations [ 9 ] but the sole remaining location in Southern Nevada closed in 2016. [ 10 ] [ 11 ] The remaining 122 owned and operated restaurants were acquired in November 2022 by FAT Brands Inc., for $130 million.
The popular fast food chain Burger King plans to close up to 400 restaurants before the end of 2023, TODAY.com confirmed. ... Despite the store closures, Burger King U.S. reported sales rose by 8.7%.
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...