Understand tip pooling rules, employee eligibility, distribution methods, compliance requirements, recordkeeping practices, and policies restaurant owners need for proper tip management.
Oct 2, 2026
Whit's Frozen Custard hires industry veteran Amos Durbin as COO to guide franchise expansion, drawing on two decades of restaurant leadership experience.
Oct 2, 2026
Evaluate restaurant industry performance in Q3 2026 through key trends affecting restaurant sales, traffic, consumer spending, labor, costs, and technology.
Oct 2, 2026
Learn how to open a bar covering concept, funding, licensing, location, equipment, staffing, menu, and marketing, from planning to opening night.
Sep 30, 2026
FAT Brands' $1B acquisition empire fell into bankruptcy and sold for $965M, re-emerging as OHG Brands with 1,700 restaurants.
Oct 1, 2026
CAVA names John Ludeke, former Dr. Squatch Chief Brand Officer, as its new CMO to drive national growth and guest loyalty.
Oct 1, 2026
La Madeleine's CEO John Dillon steps down mid-turnaround, leaving a menu overhaul, new coffee program, and franchise growth plans in limbo.
Oct 1, 2026
Hot Head Burritos promotes longtime operator Peter Wiley to corporate VP, chief marketing and chief technology officer, blending brand strategy with tech oversight.
Oct 1, 2026
Mo' Bettahs names Don Crocker, a Chick-fil-A and Inspire Brands veteran, as chief development officer to lead its national corporate-owned expansion.
Sep 30, 2026
Wage hikes, the penny's end, new NLRB rules, California sugar labels, and franchise law changes are converging on operators this year.
Sep 30, 2026
Unlock Exclusive Access To Webinars, Events, And The Latest News For Free!
Explore the impact of restaurant closures in response to the pandemic and changing market dynamics. Learn about strategies for long-term viability and growth in the restaurant industry.
Photo by Sergio Arteaga
In the tumultuous wake of the pandemic, many restaurants have faced financial strain, leading to closures as a means of survival and refocusing. The year 2024 has seen a continuation of this trend, with a significant number of restaurant chains opting to decrease their locations or announce closure plans. Factors such as increased costs, reduced foot traffic, and changing consumer behaviors have contributed to the challenging environment for restaurants.
Photo by Sergio Arteaga
The decision to close underperforming locations is often part of a strategic move by restaurant brands to ensure long-term viability and profitability. By shedding low-performing units, restaurants can concentrate their resources and efforts on strengthening stronger locations, ultimately boosting overall profitability. This strategy allows brands to streamline operations, enhance customer experience, and position themselves for future growth.
The seismic shift caused by the pandemic, including the rise of remote work and changes in consumer preferences, has prompted restaurants to reevaluate their footprint and adapt to new market dynamics. Urban center closures, for example, have been a direct response to the shift in where people live and work. This adaptation reflects the need for restaurants to align their operations with evolving trends to remain competitive in a dynamic market.
While closures may signify a challenging period for the restaurant industry, strategic decision-making plays a crucial role in navigating these obstacles. By analyzing market trends, consumer behaviors, and operational inefficiencies, restaurants can make informed choices about which locations to close and where to invest resources for sustainable growth. Embracing change and adapting to the evolving landscape are key strategies for restaurants looking to thrive amidst industry challenges.
Photo by Sergio Arteaga
