McCormick & Schmick’s
Locations Closing: 1
Annual Revenue Of Restaurant: $414.7 million (2022)*
McCormick & Schmick’s restaurant in Oak Brook closed on New Year’s Day after 15 years. The seafood and steak restaurant at 3001 Butterfield Road closed, leaving only two additional Illinois sites in Rosemont and Chicago. Despite the Oak Brook closure, the franchise, which began in 1974 in Portland, Oregon, continues to operate 18 sites across the country, including Indianapolis. The move reflects a strategic shift while maintaining a presence in key markets, affecting loyal Oak Brook Promenade customers.
McCormick & Schmick’s
Burger King
Locations Closing: 400
Annual Revenue Of Restaurant: $1.9 billion (2023)*
Burger King closed a further six restaurants in the late fall of 2023, as part of its plan to close up to 400 outlets in the next years (and maybe 2024). Since the spring of 2023, dozens of stores have closed, and those closures may continue until 2024. The closures are purposefully directed at “older and lower-performing restaurants,” according to the company’s CEO. This action demonstrates Burger King’s dedication to refining its portfolio and optimizing performance in the face of changing market conditions, which may have an impact on the company’s accessibility in specific places.
Burger King
