Year Established: 1940
Estimated Branch Closures: 70 Branches
While Dairy Queen is known for its ultra-thick ice cream mixes, the Blizzard alone hasn’t been enough to keep the company’s profits in the green. In 1987, both Dairy Queen and Orange Julius were purchased by a subsidiary of Warren Buffett’s company, Berkshire Hathaway.
The 1987 sale provided the chain restaurant with a strong parent company to rely on, but high operating costs eventually forced the company to file for bankruptcy in 2017. Branch closures have been the norm since then, as Dairy Queen struggles to improve its profit margins.
Steak 'n Shake
Year Established: 1934
Estimated Branch Closures: 60 Branches
With over 21,000 employees, Steak ‘n Shake is one of America’s largest and most successful casual burger chains. It operates all across the United States, but also has branches in Europe and the Middle East. The company was originally founded in 1934 by Gus Belt, and its headquarters are currently located in Indianapolis, Indiana.
Steak ‘n Shake has over 600 restaurants, but will be temporarily closing 60 branches this year due to underperformance. Unfortunately, the company has already made some cutbacks, including permanently closing down one of its branches at Quebec and County Line Road. If you're a fan of the fast-food chain, you may want to get a bite today, before things go from bad to worse.
Boston Market
Year Established: 1985
Estimated Branch Closures: 45 Branches
Boston Market was once known as Boston Chicken, and specializes in rotisserie chicken. In their website, they claim they are "the rotisserie experts since 1985," and mostly base their dishes on chicken. Boston Market sells fresh chicken, and guarantees that these were never frozen, had no antibiotics, and lack any added hormones and steroids.
At its peak, Boston Market had about 460 locations and 14,000 employees. Although these stats have slightly gone down in recent years. Nevertheless, the chicken brand has managed to maintain almost 100% of its locations and employees. In fact, they are currently making plans to expand into the Middle East.
Joe’s Crab Shack
Year Established: 1991
Estimated Branch Closures: 41 Branches
A seafood-centric chain restaurant, Joe’s Crab Shack is most popular in the South. However, the beach-themed restaurant has been slowly disappearing as the years go by. Joe’s parent company, J.H. Whitney & Co., filed for bankruptcy in 2017, and Joe’s was bought by Landry’s, Inc.
The change in leadership, as well as a general decline in public opinion surrounding the restaurant, led Landry’s to close dozens of locations. However, the crab shack isn’t gone for good. Landry’s plans to revamp the chain and reintroduce a new and improved version of Joe’s Crab Shack in time.
Marie Callender’s
Year Established: 1948
Estimated Branch Closures: 28 Branches
At its peak, Marie Callender's had almost 100 locations throughout the United States, all sporting the wonderful slogan, "Home Cooked Happiness". The chain was founded in 1964 by Marie Callender and her husband Cal Warren Callender, who had been selling food for decades prior.
The business had a steady rate of growth throughout the years, but saw a huge decline in 2009 when the founders' son and brand owner, Don Callender, passed away. Just a few years later, the Marie Callender's chain filed for bankruptcy, and in 2011, they had 58 units shut down. Unfortunately, just last year, an additional 29 stores were closed, and the future of the chain remains very uncertain.