Rite Aid is in freefall. After filing for bankruptcy in May - the second time in less than two years - it's moved quickly to wind up operations and close down as many stores as it can. Out of its total footprint of nearly 1,300 stores, over 1,000 have been closed, with expectations that many of the remainder will likely go dark soon as well. And while the damage isn't limited to Rite Aid - far from it - the fact of [...]

Cracker Barrel just can’t seem to catch a break lately. (My view? They shouldn’t have gotten rid of these fan favorite dishes.) On top of last year’s restaurant closures… And of course the rebrand which has caught lots of flack… (Although there’s a good argument to be made that it’s secretly brilliant…) Cracker Barrel is STILL shrinking store count as it tries to find a better balance. The latest two [...]

Coca-Cola just keeps shrinking. It’s put workers through a rash of closings nationwide, including a particularly heartbreaking loss in California earlier this summer… And unfortunately, the pain isn’t over yet. More specifically, Reyes Coca-Cola Bottling (one of the outside groups Coca-Cola contracts with to do bottling for the company) just closed down a distribution facility in Salinas, California, with around 80 [...]

The restaurant industry has been under a lot of pressure this year, and it seems like it's finally starting to boil over. We're seeing lots of bankruptcies. Layoffs. Closures. The latest victim? Burger King. More specifically, one of Burger King's franchisees, Consolidated Burger Holdings, closed 18 stores (and, of course, likely had to let just about everyone at those stores go) in a desperate attempt to maintain [...]