3. Outback Steakhouse
- Year founded: 1988
- Sign of the end: 9 Outback restaurants closed
Bloomin’ Brands owns Outback Steakhouse, Carrabba’s Italian Grill, and Bonefish Grill. All three restaurants reported negative 2016 sales, but Outback’s 4.8% decline hit hardest. Bloomin’ management experienced a flat 2017 as customers flocked to take-out and delivery services. The company plans to close 43 of its 1,500 restaurants nationwide (including Outback, Carrabba’s, and Bonefish Grill locations). At last count, nine were Outback Steakhouses specifically.
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