Restaurants Shutting Doors: A Look at the Struggles

Restaurants are finding it tough to keep their doors open.

People are spending less on eating out. They are cooking at home more often. This is because prices are going up. It is hard for restaurants to make money. Many chains are closing locations to save cash.

Starbucks

Starbucks is one of them. They plan to close about 500 stores. This includes their fancy Reserve Roastery in Seattle. Their new boss is trying to fix things. He wants to make more money in the U.S. They will talk more about this in January.

Wendy's

Wendy's is also in trouble. They are closing some stores. They did not say how many, but it is a lot. Their sales are down. Other burger places like McDonald's are doing better. Wendy's is trying to turn things around with a plan called "Project Fresh."

Denny's

Denny's is another chain feeling the heat. They will close between 70 and 90 stores. People are going to cheaper places for breakfast. Denny's is also being sold to new owners. This deal will happen next year.

Jack in the Box

Jack in the Box is closing stores too. They want to improve their money situation. By September, they had already closed 86 stores. Bahama Breeze is also shutting down 15 locations. Their parent company is thinking about selling them or turning them into Olive Garden.

Hardee's

Hardee's is in a legal fight. They are closing dozens of stores. This is because one of their big franchisees is not paying them. Papa John's closed 173 stores worldwide. Most were outside the U.S., but 62 were here.

Noodles & Co.

Noodles & Co. is closing stores too. They shut down 29 this year and plan to close more. Outback Steakhouse and other chains under Bloomin' Brands are also closing locations. Bloomin' has a plan to spend $75 million to fix their problems.