"Breaking News: On The Border Closes 77 Locations Amid Bankruptcy -

 

 

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"Breaking News: On The Border Closes 77 Locations Amid Bankruptcy -

A Deeper Dive into the Closure of 77 Mexican Restaurant Locations

By now, you've likely heard the news - a popular Tex-Mex casual dining chain, On The Border Mexican Grill & Cantina, has filed for Chapter 11 bankruptcy and is rejecting leases on 77 of its underperforming locations. But what does this really mean? And how does it fit into the broader landscape of restaurant and retail closures we're seeing across the United States?

Decoding the Closure of On The Border Mexican Grill & Cantina's Locations

Understanding the closure of these 77 locations requires a look at the larger picture. On The Border Mexican Grill & Cantina is not alone in its struggles. A growing number of restaurant and retail brands are closing locations due to declining foot traffic and economic pressure. For example, EYM Pizza L.P., the operator of Pizza Hut, recently sold 77 locations in a bankruptcy auction. Similarly, Kohl’s Corporation is closing its Stoughton location by early 2025 and laying off more than 70 workers in the process.

According to a Business Insider tally, at least 13 retail brands have said they're closing US stores in 2024, amounting to up to 2,055 locations. This trend is a step down from previous years, including 2023, when the collapse of Bed Bath & Beyond contributed to the shuttering of more than 2,800 locations.

A Data-Driven Look at the Closure

Let's dive into some key data points that help us understand this ongoing trend:

Year	Number of Store Closures
2023	2,800+ (includes Bed Bath & Beyond)
2024	2,055 (projected)

What's Next? Predicting the Future of Restaurant and Retail Closures

While we cannot predict the exact number of closures for the coming years, current trends suggest that we may continue to see a decline in retail and restaurant foot traffic, leading to more closures. However, it's crucial to remember that these trends can be influenced by various factors, including economic recovery and changes in consumer behavior. As such, businesses must remain flexible and responsive to these changes.

Call to Action

If you're a business owner, investor, or simply someone interested in the dynamics of the restaurant and retail industry, it's crucial to stay informed about these trends. Consider subscribing to our newsletter for regular updates or follow us on social media for real-time news. Remember, knowledge is power, especially in these uncertain times. Let's navigate the future together.

📌 **Source:**

🔗 [On The Border Closing Restaurants...](https://www.fastcompany.com/91291924/on-the-border-closing-restaurants-list-states-locations-bankruptcy) - fastcompany.com

🔗 [Most Famous Pizza Chain Announces...](https://e-noticies.cat/en/consumer-affairs/most-famous-pizza-chain-announces-many-closures-united-states) - e-noticies.cat

🔗 [Border Chain Files Bankruptcy All...](https://www.fox5atlanta.com/news/border-chain-files-bankruptcy-all-georgia-locations-closed) - fox5atlanta.com

🌍See also

🔗 Link: https://www.who.int/

🔗 Link: https://www.bbc.com/

🔗 Link: https://www.nytimes.com/