RAB Insights

RAB Research Archive

Impact of recent closures on the restaurant industry

Nearly 33% of the Top 500 restaurant chains saw net decreases in 2023, with closures continuing in 2024. High-profile bankruptcies and closures, such as Red Lobster and Rubio’s, reflect ongoing challenges. Despite a predicted industry sales milestone of $1 trillion, closures may adjust to available demand, intensifying competition.

Source: Nation's Restaurant News

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