Latest news with #restaurantclosures
Yahoo
4 days ago
- Business
- Yahoo
Beloved Pizza Hut Closes Restaurants in New Jersey
A beloved pizza brand has closed several of its New Jersey locations. According to 94.3 The Point, many large food chains are trying to stay alive by offering take-out options, and Pizza Hut is the latest to see some closures in New Jersey restaurants, per the outlet. One nostalgic journalist returned to her roots in Toms River, only to find that her old stomping grounds—the local Pizza Hut—had closed. "Contractors on the ground confirmed that Pizza Hut on Route 37 is indeed no more. All that's left are the memories of birthday parties, greasy fingers, and the salad bar." In January 2025, Nation's Restaurant News reported that the franchise would sell all 127 Illinois, Indiana, Georgia, South Carolina, and Wisconsin stores after filing for bankruptcy in July 2024. "EYM's bankruptcy filing listed two creditors: Manufacturers Bank, which it owes more than $21 million, and Pizza Hut itself, which is owed just under $2.25 million," the outlet continued. The news came on the heels of KFC selling some locations in Illinois, Indiana, and Wisconsin. In August 2024, Taste of Country reported that 25 KFC locations closed "rather abruptly, with no notice." Both KFC and Pizza Hut are owned by the franchise EYM Chicken. In an email obtained by Taste of Country, they wrote that they "appreciate the patronage of our loyal guests." Red Lobster and Jack in the Box are other chains that have closed in recent weeks. The former shut down 187 restaurants after filing for bankruptcy in May 2024, per The Street. Beloved Pizza Hut Closes Restaurants in New Jersey first appeared on Men's Journal on May 24, 2025
Daily Mail
20-05-2025
- Business
- Daily Mail
Olive Garden-owner abruptly shuts 15 restaurants
The closures came after Bahama Breeze suffered a 7.7 percent sales slump last year. With these shutdowns, only 29 restaurants remain open in the US, and it has left employees in tears. 'Closing a restaurant is a difficult choice because it impacts our team members and guests,' said spokesperson Kiara Buckner. 'However, we believe this is the right decision because it will allow Bahama Breeze to focus on its highest performing restaurants and strengthen the brand's overall performance.' The brand's parent company, Darden Restaurants, has tried to offer affected workers jobs at other Darden-owned establishments such as Olive Garden and LongHorn Steakhouse. Other staff members who the company were not able to rehire have been paid severance. Founded in 1996, the small, Caribbean-inspired restaurant chain opened its first location in Orlando, Florida. Bahama Breeze expanded to other states and operated approximately 43 locations by 2014. Even though it is a small chain, thousands of people currently or previously worked at a Bahama Breeze restaurant. The newly closed location in Tyngsboro, Massachusetts, laid off 73 employees, while four shuttered New Jersey restaurants left 327 workers jobless. However a restaurant chain owned by Darden that has shown no signs of slowing down is Olive Garden, which is not planning to close any locations this year. It also refreshed its menu with fan-favorite specials and left loyal customers thrilled after announcing they could place orders on the website or app and have them delivered by Uber drivers. The chain did however lose its title of being the top US restaurant after holding the top spot for seven years. It comes as various other restaurant chains have filed for Chapter 11 bankruptcy protection this year. Restaurant chains have struggled over the last couple of years for reasons like price hikes and inflation . Some of them have been able to get away with closing several locations rather than filing for bankruptcy. Jack in the Box made headlines after announcing it would close up to 200 restaurants due to financial problems. Red Robin has also been through financial issues and is considering closing 70 restaurants to avoid filing. Others that weren't so lucky include On The Border Mexican Grill & Cantina, Hooters, and the Dallas-based pub chain Bar Louie. While Bahama Breeze has not discussed its intention to close all locations, like TGI Fridays, the chain could soon be at risk of losing all restaurants for good. has reached out to Bahama Breeze for comment about the closures. Want more stories like this from the Daily Mail? Hit the follow button above for more of the news you need.
Daily Mail
20-05-2025
- Business
- Daily Mail
Olive Garden-owner abruptly shuts a third of its restaurants
Bahama Breeze has abruptly closed 15 restaurants after suffering a sharp decline in earnings. The struggling restaurant chain shuttered a third of its locations in Florida, Illinois, Massachusetts, Michigan, Nevada, New Jersey, New York, and Tennessee. The closures came after Bahama Breeze suffered a 7.7 percent sales slump last year. With these shutdowns, only 29 restaurants remain open in the US, and it has left employees in tears. 'Closing a restaurant is a difficult choice because it impacts our team members and guests,' said spokesperson Kiara Buckner. 'However, we believe this is the right decision because it will allow Bahama Breeze to focus on its highest performing restaurants and strengthen the brand's overall performance.' The brand's parent company, Darden Restaurants, has tried to offer affected workers jobs at other Darden-owned establishments such as Olive Garden and Red Lobster. Other staff members who the company were not able to rehire have been paid severance. Founded in 1996, the small, Caribbean-inspired restaurant chain opened its first location in Orlando, Florida. Bahama Breeze expanded to other states and operated approximately 43 locations by 2014. Even though it is a small chain, thousands of people currently or previously worked at a Bahama Breeze restaurant. The newly closed location in Tyngsboro, Massachusetts, laid off 73 employees, while four shuttered New Jersey restaurants left 327 workers jobless. However a restaurant chain owned by Darden that has shown no signs of slowing down is Olive Garden, which is not planning to close any locations this year. It also refreshed its menu with fan-favorite specials and left loyal customers thrilled after announcing they could place orders on the website or app and have them delivered by Uber drivers. The chain did however lose its title of being the top US restaurant after holding the top spot for seven years. It comes as various other restaurant chains have filed for Chapter 11 bankruptcy protection this year. Restaurant chains have struggled over the last couple of years for reasons like price hikes and inflation. Some of them have been able to get away with closing several locations rather than filing for bankruptcy. Jack in the Box made headlines after announcing it would close up to 200 restaurants due to financial problems. Red Robin has also been through financial issues and is considering closing 70 restaurants to avoid filing. Others that weren't so lucky include On The Border Mexican Grill & Cantina, Hooters, and the Dallas-based pub chain Bar Louie. While Bahama Breeze has not discussed its intention to close all locations, like TGI Fridays, the chain could soon be at risk of losing all restaurants for good. has reached out to Bahama Breeze for comment about the closures.
Daily Mail
19-05-2025
- Business
- Daily Mail
Noodles & Company to close up to 21 locations
By Published: Updated: It's been a rough year-and-a-half for American restaurant chains — and now Noodles & Company is the latest to feel the heat. The fast-casual pasta chain plans to close up to 21 restaurants this year as part of a strategy to stay afloat following a turbulent 2024. The Colorado-based company will shutter between 13 and 17 of its company-owned restaurants and four franchised locations. The brand has not yet named which sites will close. Despite the closures, Noodles & Company plans to open two new restaurants in 2024. More than 450 locations across 31 states will remain open after the downsizing. The closures come after the chain narrowly avoided being delisted from Nasdaq following a significant stock price slump . The company's financial woes mirror broader struggles in the dining sector. The highest profile was Red Lobster, which filed for bankruptcy in May but emerged as a going concern after shuttering almost 100 restaurants. BurgerFi , Buca di Beppo and TGI Fridays also shuttered restaurants and filed for bankruptcy. CEO Drew Madsen has been working to bring Noodles & Company back to its financial glory since accepting the position in March last year. Those efforts helped push the January to March revenue up 2 percent to $123.8 million, with comparable restaurant sales rising 4.4 percent. Restaurant chains like Noodles & Company have been struggling financially for years due to factors like tariffs and inflation. Want more stories like this from the Daily Mail? Visit our profile page and hit the follow button above for more of the news you need.
Daily Mail
19-05-2025
- Business
- Daily Mail
Popular pasta chain with nearly 500 locations across 31 states announces closures after stock price warning
It's been a rough year-and-a-half for American restaurant chains — and now Noodles & Company is the latest to feel the heat. The fast-casual pasta chain plans to close up to 21 restaurants this year as part of a strategy to stay afloat following a turbulent 2024. The Colorado-based company will shutter between 13 and 17 of its company-owned restaurants and four franchised locations. The brand has not yet named which sites will close. 'Our focus remains on operating a strong, healthy restaurant base that allows us to deliver the best possible experience to our guests,' the company told Despite the closures, Noodles & Company plans to open two new restaurants in 2024. More than 450 locations across 31 states will remain open after the downsizing. The closures come after the chain narrowly avoided being delisted from Nasdaq following a significant stock price slump. The company's financial woes mirror broader struggles in the dining sector. The highest profile was Red Lobster, which filed for bankruptcy in May but emerged as a going concern after shuttering almost 100 restaurants. BurgerFi, Buca di Beppo and TGI Fridays also shuttered restaurants and filed for bankruptcy. Noodles & Company is planning to close up to 21 restaurants in the US this year CEO Drew Madsen has been working to bring Noodles & Company back to its financial glory since accepting the position in March last year. Since stepping in as CEO in March, Drew Madsen has led a series of changes, including a revamped menu, new recipes, and increased marketing investments. Those efforts helped push the January to March revenue up 2 percent to $123.8 million, with comparable restaurant sales rising 4.4 percent. Restaurant chains like Noodles & Company have been struggling financially for years due to factors like tariffs and inflation.
