Is a restaurant recession in our near future? With overall sales declining and more customers opting for takeout and delivery, it’s no wonder we see many of our favorite, time-honored restaurants hitting the panic button.
Restaurants are struggling to attract customers. When customers do sit down to a meal, they prefer trendy, local spots. Some franchises, such as Red Lobster, are winning the battle, while others are on the brink of collapse. Read on for 15 restaurants that might not be around much longer.
Subway closed a record number of restaurants in 2016. After a sales slump of 1.7%, the pioneers of the footlong resorted to closing 359 U.S. locations. This came after a lackluster attempt to attract customers with new, healthier sandwich options and hiring new management staff to soften the company’s recent PR blows.
Next: Why profits aren’t exactly blooming for Outback