A Massive Restaurant Now Closes After 30 Years

A massive restaurant now closes after 30 years, with dozens more shutting down soon according to the chain’s owner.

An Outback Steakhouse restaurant has closed after 30 years of business.

The closure comes as David Deno, who owns the chain’s parent company, warned that dozens of restaurants will be shutting up shop, per The-Sun.

The Outback Steakhouse eatery had been a staple in Harrisburg, Pennsylvania, for three decades, but it has closed its doors for good, according to Penn Live.

A note has been put on the restaurant’s window warning fans about the closure.

It listed other Outback eateries in the area that fans of the restaurant can head to.

Bloomin’ Brands owns popular chains Bonefish Grill and Carrabba’s Italian Grill.

Deno announced that 41 underperforming restaurants across the company are set to close.

Chiefs revealed the eateries set for the cut are predominately older and underperforming, per a company earnings call.

“A majority of these restaurants were older assets with leases from the 90s and early 2000s,” Deno said.

He stressed that the restaurants are not closing because of staffers’ performances.

The company says they expect to finalize the closures by the end of the first quarter.

However, they also mentioned they hope to open between 40 and 45 new restaurants this year.

Earlier this month, it was reported that Outback Steakhouse had closed its last remaining restaurants across Hawaii.

Outback Steakhouse had been a staple in the state for more than two decades.

The dramatic restaurant closures were described as unexpected by industry experts and workers claimed they were given short notice.

A worker at the chain’s Waipio branch claimed staffers were given just a few days’ notice.

An Outback Steakhouse location in State College, Pennsylvania, has also closed, per the NBC affiliate WJAC-TV.

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Also Read: This Massive Restaurant Is Now Closing 41 Locations

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Market News Today - A Massive Restaurant Now Closes After 30 Years.
Market News Today – A Massive Restaurant Now Closes After 30 Years.

A bankrupt department store now has a massive liquidation sale up to 70% as it prepares to close its final location in New Jersey.

Sears is closing its final location in New Jersey on Sunday, March 3, reports The-Sun.

The iconic department store chain will soon have just 11 mainland US stores left, the outlet reports.

Situated in Jersey City’s Newport Mall, the closing location is the only Sears store serving New York City residents.

The closest remaining Sears for NYC shoppers will be 227 miles away in Braintree, Massachusetts.

Sears has served as the anchor store for Newport Mall since it opened in 1987.

Rumors have it that Primark, the Irish discount clothing and home store, could take its spot, as per CNN.

Sears announced the closure of its Newport mall store via Facebook.

In a post, it told shoppers that “everything” would be between 25% and 75% off.

Sears and K-Mart are both owned by Transformco.

They have been on a rapid decline since their peak in 2005, at which point they had a combined 3,500 stores.

Under the ownership of billionaire Eddie Lampert, sales have dramatically slowed as Sears has failed to keep up with competitors in the online space.

By 2018, Transformco filed for bankruptcy.

Although the retailer survived bankruptcy with 223 Sears stores in tact, all but 11 in the continental US and one in Puerto Rico have since closed.

Sears is not the only mall staple struggling to survive.

JCPenney is also holding liquidation sales at its anchor store at the Crystal Mall in Waterford, Connecticut.

Since filing for bankruptcy in 2021, it has closed a total of 175 locations.

However, the retailer has vowed to spend $1 billion remodeling its existing stores by the end of 2025 to stop shoppers from turning away.

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Also Read: A US Company Now Declares An Unexpected Bankruptcy

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Market News Today - A Massive Restaurant Now Closes After 30 Years.
Market News Today – A Massive Restaurant Now Closes After 30 Years.

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