Major Restaurant Chains That Have Closed Down Across the U.S. in 2024

2024 saw another wave of national restaurant chain closures. Affected restaurant chains include Applebee’s, Red Lobster, TGI Friday’s, Outback Steakhouse, and more. Forbes reports that many of these national chains are not meeting profit expectations in certain locations, while others are facing bankruptcy and pressure from inflation as a whole.

The changing restaurant landscape in your area can be troubling; while national chain closures make room for small, locally owned restaurants and businesses, they can also indicate consumers are dining out less. Learn more about recent national restaurant chain closures in this article by Jack Kelly for Forbes.