28. Burger King
Year Established: 1954
Store Closures: 200-250 stores*
Burger King is owned by RBI, and its parent company was in charge of making the decision to close between 200 and 250 Burger King restaurants, in an effort to boost profitability in certain underperforming areas. Business Insider called Burger King a restaurant that we can expect to “see a little less of come 2022.” Though its intentions slowed down in 2020, RBI has long planned to open new Burger Kings, with an ambitious goal of having 40,000 locations overall. In 2019, 1,042 new Burger Kings were opened; however, in 2021, the tendency was reversed, hopefully for the better.
28. Burger King
29. Christopher & Banks
Year Established: 1956
Store Closures: 37
The shop Christopher & Banks, which operates in 44 states and sells women’s clothing and accessories, announced in mid-January 2021 that it would be declaring bankruptcy and liquidating 37 of its locations—with more probably to follow. Jones stated that Christopher & Banks had to make difficult decisions in order to “position…for the future” due to the “financial distress” brought on by the current state of the world. The statement went on to warn Christopher & Banks’ supporters that, should things continue as they are, all of the company’s physical locations may close in the near future.
29. Christopher & Banks
