TL;DR
O'Charley's closed eight stores in one weekend due to a decline in system-wide sales from 2017 to 2018. The brand's overall system-wide sales in 2018 were down to $469.2 million from $498.1 in 2017.
According to Nation’s Restaurant News, O’Charley's has seen its numbers drop significantly from 213 units in 2016. Among the units shuttered were stores in Indianapolis, IN and Tucker, GA.
A company spokesperson confirmed the weekend closures but did not give a reason. American Blue Ribbon Holdings LLC, O’Charley’s parent company, is also affiliated with Ninety Nine Restaurant and Pub, Village Inn and Bakers Square brands.
The brand’s overall system wide sales in 2018 were down to $469.2 million in fiscal 2018 from $498.1 in 2017. It is not yet known if the brand is planning any more mass closures. Read the full story here.
In this story
This story was originally published in 1851 Franchise on July 2, 2019. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.