53-Year-Old Dining Chain Franchisees Close Stores Amid Sales Decline
Franchisees of Golden Corral Buffet & Grill have closed multiple locations due to declining sales and staffing issues, despite no bankruptcy filing. The restaurant industry faced a weak year with sales growth dropping to 3% for the Top 500 chains, the lowest since the 2008 recession, according to a Technomic report.
Topics: economic challenges franchisees restaurant industry sales decline store closures