It's been a tumultuous year for several business across Texas, and well, the whole country. We've heard of several closures from Big Lots to Red Lobster. Now, another favorite has announced that they will be closing several locations!

Denny's has announced that they plan to close 150 of its restaurants with 50 of those closing by the end of this year citing a decline in revenue.

Oh, no! Not the Moons Over My Hammy!

Denny’s Executive Vice President and Chief Global Development Officer Stephen Dunn said that some of the closures will be from restaurants that are too old for renovation and told investors:

Some of these restaurants can be very old. So when you think of a 70-year-old plus brand, you have a lot of restaurants that have been out there for a very long time.

 

Denny's currently has 1,358 Denny's locations in the U.S., with a heavy presence in California, Texas, Florida and Arizona. But they have not announced which Denny's will face closures.

Texas has 194 Denny's, so it's possible we'll see several closures in the Lone Star state.

It's been a rough start to the year, and 2023 was not that great for many big brands either. This year alone, many retailers like Rite Aid, Bed Bath & Beyond, Walgreens and Macy's announced several store closures of locations that were underperforming. And we've seen bankruptcy announcements from places like Red Lobster and Hooters.

Even retail giants like Walmart and Target are facing several closures! These retail giants are just the tip of the iceberg; there are so many more brand stores that could be  facing closures in the future.