These restaurant chains closed locations in 2024

In 2024, the restaurant industry faced a challenging year with closures of underperforming locations as chains sought to improve sales. Consumer spending on dining out decreased due to inflation, leading to a decline in overall restaurant visits and a surge in bankruptcies, with 26 restaurant companies filing for Chapter 11 protection. Casual-dining chains, in particular, struggled to attract customers as fast-casual chains gained popularity, impacting the industry’s landscape significantly.

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