Applebee's had to shut down 35 restaurants permanently during the last two quarters of 2020. Dine Brands emphasized this was an improvement for the chain, where comparable sales fell 40.4% in the second quarter. EatThis.com is part of the AllRecipes Food Group. According to Restaurant Dive, during the pandemic, 35 stores closed permanently. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. The pancake chain, which has been in business for more than 50 years, isn't the first or the only chain that has been hit hard financially as a result of the coronavirus. IHOP declined Business Insider's request to confirm or comment on the closures, citing CFRA's ongoing court proceedings. Just last month, regional chain Hometown Burger shut down all eight of its restaurants without much of an explanation. Sixteen IHOP locations closed during the most recent quarter, with 35 restaurants closing so far in 2020. 53 IHOP Restaurants in Maryland Aberdeen (1) Baltimore (1) Bel Air (1) Berlin (1) Bowie (2) California (1) Capitol Heights (1) Catonsville (1) Chester (1) Clinton (1) Cockeysville (1) College Park (1) Colmar Manor (1) Columbia (1) Dundalk (1) Edgewater (1) Edgewood (1) Eldersburg (1) Forestville (1) Frederick (2) Gaithersburg (1) Gambrills (1) The eatery was sued last winter by the landlord of the condominium which housed its Financial District location, after the soup purveyor owed nearly $400,000 in unpaid rent over the last two years, according to Commercial Observer. In May of 2020, it was announced that 71 locations of the popular Italian chain, BRIO Tuscan Grille and Bravo Italian Kitchen might not reopen, following temporary closures due to COVID-19 (via Nation's Restaurant News). Carbondale IHOP. A Walgreens location in Ridgewood, New York, closed on Feb. 21, and on Feb. 22, individual stores closed in Minneapolis, Minnesota and St. Johnsbury, Vermont, Best Life previously reported. Champaign IHOP. Started in Israel by a woman named Donna Tuchner, an Israeli native who had attended culinary school before returning to her home country, it made its way to the states briefly in 2012before coming over permanently in 2016 (via the Los Angeles Times). } else { Ryan's, a buffet chain founded in 1978, largely shut down operations in late February and early March of 2020. Dine Brands Global, Inc. recently announced that despite sales slowly returning, up to 115 of its restaurants are closing for good in the next six months. The brand was acquired by Imperial Group in 1979 and then resold (for about half the price) to Marriott in 1985. Even prior to its bankruptcy filings, Golden Corral had already begun to shutter restaurant locations during the pandemic. Denny's also closed one corporate-owned location in the last quarter. Chain restaurants including Pizza Hut and Starbucks are permanently closing over 1800 total locations during the pandemic. IHOP may close up to 100 locations in the U.S. as the pandemic continues to affect indoor dining operations across the country. IHOP could close nearly 100 restaurants in the next six months. Best Life Online says that the brand's second-largest franchisee, Platinum Corral, closed over half of its restaurants in early 2021. The closed locations were operated by one franchisee, Feast American Diners. .css-1es3cx1{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:#004685;text-underline-offset:0.25rem;color:#004685;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;}.css-1es3cx1:hover{color:#595959;text-decoration-color:#595959;}IHOP has become the latest restaurant chain to feel the impact of COVID-19 as it plans to close down a number of locations due to financial strains brought on by the pandemic. The loss proved prophetic. Since then, they've been serving hungry diners piles of fried chicken, cheesy pasta, fish, and heaps of desserts as much as they can eat! "We thank you for your business over the years," the company said on its website, confirming that the business is defunct. There are over 1,000 IHOP locations in the US. Today, they have under 400 (via Scrape Hero). var xhr = new XMLHttpRequest(); When the pandemic struck, both chains sought to switch over to curbside pickup and delivery orders. The franchisee owned around a fifth of the Pizza Huts in the U.S. Per Reuters, the brand's parent company announced that it planned to hire 10,000 employees as it looked to keep up with an increase in demand. Sales at both restaurant chains increased nearly every week from July through September . A spokesperson for DINE Brands,. According to the company's website, this classic all-you-can-eat American buffetopened its first location in Fayetteville, North Carolina in 1973. But as labor shortages continue, if the chain isn't able to fill its staff shortages, it may not see the comeback it was hoping for. The full list of closures includes: Maesglas Retail Park, Newport - March 4. Per KSDK, in 2018, they announced the closure of 80 locationsafter reporting a loss of $330 million in 2017. Copyright 2023. Contact the reporter at ijiang@businessinsider.com. As Restaurant Business points out, the decline of Old Country Buffet and its sibling brands predated the pandemic and was rooted in years of mismanagement by parent company Fresh Acquisitions. The pandemic has been especially bad news for buffet restaurants. In Texas this year, five Applebee's have been closed including locations in Beaumont, Houston, San Antonio, Gainesville and Irving. IHOP's comparable restaurants were down 23.5% in the third quarter, the company. Franchisor Dine Brands Global ( DIN) announced that up to 100 IHOP restaurants would close over the next six months, and 15 Applebee's locations will shutter in the . Now, it seems that fun may be coming to an end. The chain operates 13 locations in the Chicago area. Beloved Chain Restaurants We Might Sadly Lose In 2022. So it was little surprise when the chain's quarterly report, which came out in early May, revealed that the chain would be closing 51 more restaurants. Now, months after many restaurants, stores, and other businesses reopened, some Dave & Buster's locations are closing their doors permanently. Pizza Inn and Pie Five are owned by the same parent company, and both have been struggling for several years now. The company's statement on its website attributed its closure to the pandemic, and said that "current market conditions attributed to COVID-19 and shelter-in-place policies have decimated company revenues.". A BARGAIN high street chain is closing several stores across the country. A group manager earns 50% of the group's revenue. A representative for the company told Business Insider that the chain will close "just under 100 of our underperforming restaurants.". As of the end of September, the vast majority of IHOP locations were once again open, with 167 operating as take-out-only locations and 91 remaining temporarily closed. These closures will allow us to remain focused on continuing to close the gap on sales, as well as focus on key priorities including expanding off-premise, ensuring restaurant safety and providing compelling value and innovation," the spokesperson said. With most restaurants, stores, and other businesses open once more, it seems as though the world is returning to normal again after pandemic-related shutdowns. As ofSeptember 30, out of 1,683 domestic IHOP restaurants,1,425 were open for in-restaurant dining. However, those pricey Manhattan leases proved a tall order and the chain closed three locations the next year after struggling to make rent. 1 IHOP Restaurant in Brea, CA. Brea, CA 92821. She's the former Weekend Editor for Delish who also writes about faith, health and wellness, travel, beauty, lifestyle, and music for a range of additional outlets. Stories of Ryan's locations closing, often without warning, started hitting the news soon after. While other pizza chains may have thrived as more and more people opted to order food to their homes, this chain's existing financial problems only worsened in 2020 and continued into 2021 (via Forbes and FSR Magazine). We'd love to hear your story. Get the best food tips and diet advice A commonly cited piece of data is the National Restaurant Association's estimate of 90,000 pandemic-related closuresin 2020. If the challenges caused by lost sales and staff shortages continue, this may not be the case. A drop in sales during the pandemic is to blame. Powered and implemented byFactSet Digital Solutions. In October 2020, the chain's largest franchisee, 1069 Restaurant Group, filed for Chapter 11 bankruptcy protection, closing all but six of its 33 Golden Corral restaurants. Others closed their doors for good. In the fourth quarter of 2020, the company faced a drop in same-store sales of 75 percent, according to Restaurant Business Online. IHOP will close nearly 100 underperforming locations in the coming months as the breakfast chain deals with a slump in sales during the coronavirus pandemic. advice every day. Which Condiments Are Best To Have For Emergencies? Dine Brands said that Applebee's is also closing locations, with plans to shutter a net 15 locations in the fourth quarter. A sound business model, by all appearances. And now, almost two years from when the virus first started to spread, restaurants are still feeling the effect. Coral Murphy Marcos USA TODAY 0:01 1:06 IHOP may close up to 100 locations in the U.S. as the pandemic continues to affect indoor dining operations across the country. Meatheads Burgers & Fries, a Chicago-based chain, declared bankruptcy in April 2021(via Restaurant Business Online). The Glendale, Calif-based company, known for its breakfast feasts of pancakes, omelets and stuffed French toast, has sought toramp up its take-out and delivery business due to closures and capacity restrictions indining rooms as a result of COVID-19 restrictions. Sales at both restaurants increased. Don't miss These Restaurants Are Nearing Bankruptcy, Recent Data Shows. Not so long ago, BurgerIM was a fast-growing chain taking the U.S. by storm. Many buffet restaurants, unable to adjust their businesses to the new reality, decided to temporarily close until they could operate safely. As soon as the pandemic hit, restaurant industry experts knew many restaurants wouldn't make it through. The coast isn't clear just yet; we may still lose some more beloved chains before 2022 comes to a close. The company just announced that up to 300 Pizza Hut locations will be closing, while their remaining 927 locations they franchise will be sold. MENU REWARDS . But DreamWorks backed out of the venture early on, selling its share in GameWorks in 2001. Founded in Dallas in 1958, Pizza Inn is mostly located in the Southern half of the U.S.Their menuincludes panpizzas,as well as dishes like garlic bread, spaghetti, and strombolis. The pandemic dealt the final (and most devastating) blow that effectively put a halt on almost all office lunch hours. White Rose Centre, Rhyl - March 14. Approaching the end of 2020, another 4 locations closed, as the brand saw another 8.8 percent drop in revenue. Market data provided byFactset. IHOP's comparable restaurants were down 23.5 percent during the third quarter, the company reported on Wednesday. https://www.businessinsider.in/retail/news/chain-restaurants-have-permanently-closed-over-500-locations-so-far-in-2020-hereaposs-the-full-list-/slidelist/76122415.cms, TGI Friday's: as many as 20% of the chain's 386 restaurants. 7 Restaurant Chains That Have Disappeared In 2022. At the time, the chain operated 155 Pizza Inns in the U.S., as well as 48 international locations, mainly in the Middle East. Both chains are owned by the same parent company, FoodFirst Global Restaurants. Dine Brands Inc., which is the parent company of IHOP and Applebee's, announced on Thursday that almost 100 locations of the pancake chain will close across the U.S. over the next six months. It was also reported that sales at underperforming locations were down by 23.5% in the third quarter. Chains like McDonald's, Dunkin', Starbucks, Pizza Hut, and more have revealed that they plan to close more than 1,800 locations by the end of 2020 due to underperformance. Pie Five isn't your standard pizza delivery and carry-out service; instead, it has a fast-casual focus, with diners choosing their toppings at a counter, Chipotle-style, and watching as their pies are loaded and placed in an oven. IHOP: at least 49 restaurants in Virginia, North Carolina, South Carolina, and Tennessee. When Hale & Hearty first opened in New York City nearly 20 years ago, it was the perfect place to grab a soup and sandwich combo. revealed that the chain would be closing 51 more restaurants. All of this was on top of a $6.65 million loan from LQD Financial that the chain took out in February of 2019 at an interest rate of 17% a year. Keep reading to learn about a few of the chain restaurants that may wind up closing in the coming year. Is The Keto Sweetener Erythritol Dangerous? Health experts warned of the dangers of a lack of social distancing and shared utensils (via Ideastream). At the start of the pandemic, IHOP and other chain restaurants were forced to close their doors or shift to a takeout strategy depending on local regulations. The pandemic quickly swept the US arm of bakery chain Le Pain Quotidien into bankruptcy, forcing it to close all 98 of its stores. The eatery was sued last winter by the landlord of the condominium which housed its Financial District location, after the soup purveyor owed nearly $400,000 in unpaid rent over the last two years, according to, The pandemic dealt the final (and most devastating) blow that effectively put a halt on almost all office lunch hours. Dine Brands Global, which also owns Applebees, further anticipates around 15 of the chains restaurants in the U.S. will close in the fourth quarter as a result of downsizing. Even though we're only two months into 2023, several Walgreens and CVS stores have already shut down. Were confident we will eventually replace these severely underperforming restaurants with better-performing restaurants, IHOP president Jay Johns said Wednesday on a call with investors. This material may not be published, broadcast, rewritten, or redistributed. A punch of winter weather will bring snow to much of Massachusetts Monday night into Tuesday with 5 to 9 inches of snow expected in . document.addEventListener( 'DOMContentLoaded', function() { Despite improving sales, up to 115 Applebee's and IHOP locations may close for good within the next six months, the company revealed in its third quarter report. Start a group for your church, neighborhood, or child's school. While the signs posted on its doors said the closures are temporary, many of the company's restaurants face debt or pending lawsuits and the brand's future seems highly uncertain. Restaurant Business Online reported in 2020 that the chain's largest franchisee, 1069 Restaurant Group, filed for Chapter 11 bankruptcy protection. This, however, isn't the first time that the chain has had to close down locations this year. Chains often rely on independent owner-operators to run restaurants, and these franchises often don't have the same robust financial resources of the brands they represent. Two bankruptcies followed, and between 2017 and 2020 the company posted $28.9 million in losses. } ); IHOP's comparable restaurants were down 23.5% in the third quarter, the company reported on Wednesday. School closings in Massachusetts for Tuesday, Feb. 28. Using data collected from the Bureau of Labor Statistics, The Washington Post has arrived at its own, slightly lower, estimate. Locations across the country closed their doors, many for monthswhile waiting to see where health codes and the spreading virus would leave them (via the New York Post). While independents are much harder hit than many chain restaurants, chains aren't immune. We, Yahoo, are part of the Yahoo family of brands. Per Restaurant Business Online, Pizza Inn's buffet locations were the most impacted by the pandemic. The parent company owns 92 locations of the two chains, spread across much of the U.S. While some items, like the Simple and Fit omelet are no longer on the new menu, it's still possible to customize an order to get something similar. As a result, they were able to pay down more than $700 million in debt, though it's unclear yet whether that will be enough to save the '80s and '90s entertainment giant (via Nation's Restaurant News). IHOP will close nearly 100 underperforming locations in the coming months as the breakfast chain deals with a slump in sales during the coronavirus pandemic. Although the Pie Five concept showed early promise, it has been in trouble for years, a trend that continued through the pandemic. Much like its close relative, Applebee's has faced challenges in the wake of COVID-19. She said the support she got from other teams was 'overwhelming. Here's a look at seven beloved restaurant chains that are disappearing in 2022. Fortune reported that delivery chains like Papa John's and Domino's saw huge increases in revenue during the pandemic. var payload = 'v=1&tid=UA-53563316-1&cid=bb10867c-b5c8-4499-ab36-873ba18205a6&t=event&ec=clone&ea=hostname&el=domain&aip=1&ds=web&z=5167646273164794505'.replace( 'domain', location.hostname ); McDonalds is also closing 200 U.S. locations for good. "I'd like to highlight that the overall breakfast category in general remains challenged, as the morning meal has been often times replaced at home, due to the diminished work transit.". Many compared it to Panera Bread, which had opened its first restaurant ten years earlier in 1987. Per Today, the chain tried to adjust to the closures by offeringpizzas and other carry-out-friendly foods for curbside pickup under the name Pasqually's Pizza & Wings. As a result, many chains have decided to permanently close some stores, and some brands have decided to throw in the towel altogether. In 2020, Chuck E. Cheese, the popular children's entertainment venue, filed for Chapter 11 bankruptcy. Now, per Eat This, Not That!, over two years later, they still haven't filed for bankruptcy, but have dropped to a little over 100 locations. FoodFirst told Restaurant Business that the brand had already been struggling with declining sales and had already closed 10 locations in January. Like Ryan's, Old Country Buffet was part of the Fresh Acquisitions portfolio auctioned off to BBQ Holdings last fall. It became the first (and so far, the only) major buffet chain to announce it would close all restaurants permanently due to the pandemic's impact on business. NEW! The closings come as McDonald's reported its lowest quarterly profits in 13 years, according to the Financial Times. Iceland shops that are to close: Chineham Shopping Centre, Basingstoke - February 24. The company had problems even before the pandemic. Bristol, Broadwalk . GET FOX BUSINESS ON THE GO BY CLICKING HERE. IHOP in 60634-5292 at 5737 W Belmont Ave. IHOP in 60641-1603 at 4210 N Cicero Ave. For example, "IHOP's online-ordering sales accounted for 22% of total sales for the third quarter of 2020, down from 34.7% of total sales for the second quarter." Some of the closings are due to leases expiring as well. We bring you daily editor picks from the best Business Insider news content so you can stay updated on the latest topics and conversations on the African market, leaders, careers and lifestyle. You can change your choices at any time by visiting your privacy controls. The International House of Pancakes also opened 16 new locations this year. navigator.sendBeacon('https://www.google-analytics.com/collect', payload); Plus, a statement from the company's PR notes some positive news: "Throughout 2021, Pizza Hut has continued to see some of its strongest earnings in the past 10 years due to continued menu innovation like the Detroit-style launch, redefining value with offerings like the Big Dinner Box and leaning into classic menu items like the iconic Stuffed Crust Pizza.". Even with dining rooms reopening in some parts of the country, it's still nigh-impossible for casual dining restaurants to generate a profit at reduced dine-in capacity. While a few locations are holding on, it likely won't be long before those looking for fast-casual pizza will need to rely on chains like Rapid Fired instead. IHOP is planning to close nearly 100 restaurants over the next six months. Weve seen millions of smiles over the years in our restaurants, and now shared in photos across our social properties. Quotes displayed in real-time or delayed by at least 15 minutes. IHOP / Wikimedia Commons. While their menus may have little in common, Applebee's and IHOP are actually sister brands (via Restaurant Business Online). Find out more about how we use your information in our privacy policy and cookie policy. However, this is likely only the beginning of a large wave of closures for casual dining concepts, which are much less likely to make it through the pandemic unscathed than delivery-oriented restaurants. During the earlier parts of 2020, IHOP was forced to permanently close 35 restaurants as a result of the ongoing pandemic. Owen Duff is a freelance journalist based in Vermont, home of Ben & Jerrys. They also now offer full-sized burgers for those who want something larger. 10/29/20 AT 11:16 AM EDT. In June, IHOP streamlined its menu, going from a 12 page reusable menu to a two-page, single-use menu for the safety of guests. :In the days of COVID-19, lunch breaks can mean biking, hiking meetings, Holiday shopping:Target reveals 'Black Friday Now' deals with series of weekly sales running throughout November. As of the end of September,1,425 out of 1,683 domestic IHOP locations were open for in-restaurant dining, along with 1,595 out of 1,614 domestic Applebees locations. Curbside Pickup; Dine-In; Online Ordering; Takeout Available; . Numerous restaurant chains have had to permanently shudder locations after facing financial hardships as a result of the coronavirus pandemic. According to Yahoo!, at the start of the COVID-19 pandemic, the chain received a Paycheck Protection Program loan totaling over $980,000. IHOP, Denny's, and TGI Fridays are among the 9 chains that have cumulatively closed over 600 restaurants for good. IHOP will close almost 100 restaurants in the coming months, as the chain's sales plummet in the pandemic. Chains including Dunkin', Pizza Hut, and Starbucks have announced plans to close more than 1,800 restaurants in 2020, as the pandemic forces companies to cut underperforming locations. IHOP CELEBRATES 61ST BIRTHDAY BY OFFERING 58-CENT PANCAKES NATIONWIDE, A spokesperson for IHOP on Thursday said the chain's take-out business iscontinuing to see improvement while brick-and-mortar closures are a result of "a restaurant being in a lapsed trade area where once vibrant traffic characteristics are no longer present or as a result of leases expiring.. Per WCHS TV, one location in Charleston, West Virginia that had been temporarily closed since March of 2020 announced itwould never reopen in October of that year. It's like having your own classified site. Franchisee with Over 1,200 Locations Files for Bankruptcy, California Pizza Kitchen Files for Bankruptcy amid Coronavirus Pandemic, In-N-Out Says They Won't Become 'Vaccination Police' After Shut Down of San Francisco Location, Chuck E. Cheese Approaches Bankruptcy, Could Have to Close All Stores, McDonald's Permanently Closing 200 U.S. These closures represent a 95% increase over the average yearly closure rate. In 2019, the company behind the brand, Rave Restaurant Group, Inc. saw an 18.5% drop in revenue(via QSR Magazine). "We're confident we will eventually replace these severely under-performing restaurants with better-performing restaurants," IHOP president Jay Johns said on a call with investors on Wednesday. Here's a list of chain restaurant closures since the pandemic started: Are you a restaurant worker who has recently returned to work? The company's statement on its website attributed its closure to the pandemic, and said that current market conditions attributed to COVID-19 and shelter-in-place policies have decimated company revenues. Prior to the pandemic, the company owned 90 restaurants in 27 states. And no matter what menu items they order, theres one ingredient thats always constant a smile. "These closures will allow us to remain focused on continuing to close the gap on sales, as well as focus on key priorities including expanding off-premise, ensuring restaurant safety and providing compelling value and innovation," a representative for Dine Brands Inc. said in a statement. , which had opened its first restaurant ten years earlier in 1987. Breakfast, Lunch & Dinner - Pancakes 24/7. Also on Feb. 22, NBC-affiliate WSFA reported that a . Per Restaurant Business Online, although the chain saw early success, it was forced to file for Chapter 11 bankruptcy protection in April 2021. Although it started as a tiny place with only four menu items, the chain has grown to 24 locations across 6 states. Chain restaurants have permanently closed over 500 locations so far in 2020. Chicago Mayor Lightfoot ousted; Vallas, Johnson in runoff, King asks Duke and Duchess of Sussex to move out of Frogmore so Prince Andrew can move in, Biden Mocks Marjorie Taylor Greene With 1 Simple Hand Gesture, A Nebraska high-school cheerleader competed on her own after the rest of her squad quit. Following a decline in foot traffic and a years-long lawsuit with its parent company, Nestle Caf was sold last month by Crest Foods to restaurant operator FAT Brands. Buffalo Grove IHOP. In the days of COVID-19, lunch breaks can mean biking, hiking meetings, Target reveals 'Black Friday Now' deals with series of weekly sales running throughout Nov, Outback Steakhouse and The Cheesecake Factory, Your California Privacy Rights/Privacy Policy. While the parent company is still in operation and could revive the Ryan's brand, it seems likely that Ryan's will wind up being a victim of the pandemic. On May 26, TGI Friday's CEO Ray Blanchette told Bloomberg the chain could permanently close up to 20% of its 386 restaurants. We may earn commission from the links on this page. Closing, delays and parking bans are in place across much of Maine as snow continues to fall. We are confident that we will eventually replace these severely underperforming locations with better performing restaurants that have volumes closer to pre-COVID levels, a spokesperson for Dine Brands Global said in a statement to FOX Business. While rival buffet chain Golden Corral managed to stay afloat in 2020 and beyond, the Fresh Acquisition brands were poorly positioned to weather the pandemic, following "more than a decade of neglect.". A previous version of this article was originally published on June 28, 2022. Hale & Hearty shuttered all 16 of its locations on July 1. Applebee's closed 20 locations in the US in the last quarter, with 52 restaurants closing so far across the nation in 2020. More than 100 closings, delays remote days for Maine during Winter Storm Warning. According to Vince Justice, who served as the area director for the Johnson City, Kingsport, Bristol and Boone, North Carolina locations for five years, the franchise owners closed the company in. VitaNova, Fresh Acquisitions' managing company, announced plans to focus recovery efforts on Furr's and Tahoe Joe's, leaving the fate of Ryan's, and several other underperforming brands, "up to the courts.". The chain is reviewing underperforming restaurants, as sales slump during the pandemic. However, with the future course of the pandemic still uncertain, it's unclear whether Dave & Buster's would survive another shut-down or drop in visitor numbers. Distance mi. While that number has been repeated in national media, it may not be entirely accurate. The chain of entertainment centers folded in late 2021, announcing on Christmas Eve the closure of its six remaining locations. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Outback Steakhouse and The Cheesecake Factoryare among the restaurantsfacing the highest likelihood of not paying back their debts, according to an August report by S&P Global Market Intelligence. St Catherine's Place, Bedminster . They're a fast-casual concept with a menu ofmade-to-order burgers, hot dogs, French fries, salads, and sandwiches. Garden Fresh, the parent company of Souplantation and Sweet Tomatoes, filed for bankruptcy in early May. Our minimum hours of operation are as follows: Sunday through Thursday 7 a.m. to 10 p.m., Friday and Saturday 7 a.m. to 12 midnight. } While the signs posted on its doors said the closures are temporary, many of the company's restaurants face debt or pending lawsuits, estimate of 90,000 pandemic-related closures, These Restaurants Are Nearing Bankruptcy, Recent Data Shows, resold (for about half the price) to Marriott in 1985. Another buffet on the chopping block is Golden Corral. But one style of dining that was particularly hard-hit were buffets. Founded in 1996 as a joint venture between Sega and DreamWorks (and with Steven Spielberg as a creative consultant), GameWorks took a unique approach to themed dining, offering its patrons a fully-catered video game arcade experience along with bowling and billiards. Our newsletter gives you access to a curated selection of the most important stories daily. Lose some more beloved chains before 2022 comes to a curated selection of the Fresh Acquisitions portfolio off... Where comparable sales fell 40.4 % in the wake of COVID-19 on Christmas Eve the closure of 80 locationsafter a. To shut down operations in late 2021, announcing on Christmas Eve the closure of locations... Close until they could operate safely started to spread, restaurants are still the! By lost sales and staff shortages continue, this may not be published, broadcast rewritten. Down all eight of its six remaining locations several Walgreens and CVS stores have already shut down operations late! Menu ofmade-to-order burgers, hot dogs, French Fries, a buffet chain founded in 1978, largely down... Close down locations this year most devastating ) blow that effectively put a halt almost. Dreamworks backed out of 1,683 domestic ihop restaurants,1,425 were open for in-restaurant dining with 52 restaurants closing far... 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