Hurricane Harvey’s impact on fuel prices nationally might be more costly than first anticipated: The country’s largest fuel system, the Colonial Pipeline, shut down its main fuel lines. [More]
closures
Retail Apocalypse Is Not All Bad News For Surviving Mall Stores
By 6.13.17
With retail chains going bankrupt or closing stores at a record pace, mall landlords have empty slots that need filling. That’s good news for the retailers who remain and are able to negotiate better deals for their mall stores. [More]
Dozens Of Outback Steakhouse, Bonefish Grill, & Carrabba’s Restaurants Closing
By 2.21.17 — Updated: 2.23.17
Following in the not so distant footsteps of chains like Bob Evan’s, Old Country Buffet, Ruby Tuesday, and Logan’s Roadhouse, Bloomin’ Brands — parent company to the Outback Steakhouse, Carrabba’s, Bonefish Grill, and Fleming’s Steakhouse chains — announced it would close dozens of locations. [More]
Why Are So Many Restaurant Chains Closing Locations, Filing For Bankruptcy?
By 10.17.16
Bob Evan’s, Old Country Buffet, Cosi, Ruby Tuesday, Logan’s Roadhouse: these are just a few of the large restaurant chains that have closed locations and/or filed for bankruptcy protection in 2016 alone. These eateries generally have two factors working in their favor: name recognition and stores in high-traffic areas. So why are they doing so poorly? [More]
There Are Suddenly A Lot Of Closed Old Country Buffet, Ryan’s & HomeTown Buffet Restaurants
By 2.5.16
Sometimes you just don’t know what you want for dinner. For that reason, we have buffets. But there will be a fewer options for some diners, as Ovation Brands, the operator of restaurants like Hometown Buffet, Ryan’s, Fire Mountain, and Old Country Buffet, announced the closure of 74 underperforming locations. [More]
Tim Hortons Closes At Least 21 Stores With No Advance Warning
By 11.19.15
At the beginning of this week, everything seemed pretty normal to customers and employees of Tim Hortons shops in New York state and in Maine. Then restaurants shut down abruptly in both regions, with no warning given to customers or employees. What happened? Tim Hortons corporate up in Canada isn’t really giving a reason for the closings. [More]
Consumers’ Changing Banking Habits Led To 1,400 Bank Of America Branches Shuttering, More Cuts To Come
By 7.16.15
Over the past several years, Bank of America has revamped the way it provides banking services in an effort to cut costs and respond to consumers’ changing banking habits. Those operation modifications have not only included shutting down some drive-thru windows, but the closure of nearly a fifth of the company’s branches. [More]
Putting Your Restaurant On A Reality Show About Cruddy Eateries Probably Won’t Save It
By 6.26.14
Going on a reality television show likely won’t fix all of your restaurant’s shortcomings, even if a hot-headed chef uses all the profanities in the world. Just ask the owners of half the restaurants to be featured on Gordon Ramsay’s now-defunct Kitchen Nightmares. Here’s a hint, their eateries are now defunct, too. [More]
Tweeter To Close, Liquidate 49 Stores
By 3.24.07
Tweeter is closing 49 locations, joining the ranks of stores capitulating to competition from Best Buy and Walmart. The restructuring will leave the consumer electronics retailer without a presence in California, Tennessee, Alabama, or New York. According to CEO Joe McGuire, surviving Tweeter locations will sport Consumer Electronics Playgrounds offering high-end home theaters.
“Since our Playground stores are clearly resonating with consumers and articulate our vision so well, we will continue to execute this concept in our remaining 97 traditional stores by taking what we have learned from our current Playground stores and rolling it into our existing fleet.”
Stores on the chopping block will immediately offer liquidation sales. The complete list of closures, inside.
