Breakfast, casual dining and family dining seemed to suffer more closures than other segments in the industry
The COVID-19 pandemic in the restaurant industry seemed to be defined by “under-performing” units closing by the hundreds.
COVID-related indoor-dining closures caused many restaurant groups to face large financial strains.
Starbucks, one of the top 10 restaurant chains on NRN’s Top 200, suffered because of a workforce that went largely remote and abandoned the breakfast daypart. Dunkin’ also faced the same issues.
Between the two quick-service giants, over 1,600 domestic units have permanently closed.
Other brands, such as Ruby Tuesday, Sizzler, Luby’s, Le Pain Quotidien and Matchbox declared bankruptcy, resulting in the closure of units.
This year seemed to be defined by “under-performing” units closing by the hundreds across the restaurant industry.
Not only was the entire industry hit by COVID-related indoor-dining closures, but the decrease in ordering food – in spite of the success of The Great American Takeout and Paycheck Protection Program loans – caused many restaurant groups to face large financial strains.
Starbucks, one of the top 10 restaurant chains on NRN’s Top 200, suffered because of a workforce that went largely remote and abandoned the breakfast daypart. Dunkin’ also faced the same issues.
Between the two quick-service giants, over 1,600 domestic units were permanently closed.