The number of retail stores that have announced nationwide branch closures in the last year has been surprising. Aside from retail stores, many restaurants are also having a hard time. They are facing a substantial decline in traffic and also beginning to downsize, closing branches across the US. There are restaurants that have stopped or modified services in order to meet new regulations, but there are also some which are facing permanent closures because of plummeting business. Keep reading to find out which restaurant chains are closing branches this year.
Restaurant Chains That Are Closing Branches In 2020
Jack In The Box
A fast food chain which serves bar food, Jack in the Box is a popular chain on the West Coast and it operates 2,200 locations, with some of them in the East Coast and Midwest. In addition, it was the previous owner of Qdoba, Chipotle’s main competitor. While Jack in the Box announced plans for nationwide expansion, it has also been forced to shut down some stores in the West. The chain has had some tough times, like the deadly e.Coli outbreak that rocked the company back in the late 1990s.
Jack In The Box
Luby’s
The company Luby’s Inc. has several subsidiaries that are well-known chain restaurants, like Luby’s, Cheeseburger in Paradise, Koo Koo Roo, and Fuddruckers. Founded in Texas 72 years ago, the company was formerly called Luby’s Cafeterias, Inc. prior to changing its brand. As for the restaurant Luby’s, it has 83 branches all over Houston and one in Mississippi. Its headquarters is now in Houston, but it was originally in San Antonio, where Luby’s was originally founded. It has been announced that Luby’s would be shutting down underperforming branches. However, this is not the first time the restaurant has done this, and the last time that they closed down branches, they reported a $6.6 million profit, boosting their revenue.
Luby’s
