Joe’s Crab Shack
Ten years ago, Joe’s Crab Shack used to have nearly 140 locations across the country. Today they barely have 60 spots left. They’re facing a $16.6 million loss and had to file for bankruptcy in 2017.
The chain closed 41 of its locations, and none of the employees working there received any notice. They increased their prices and employee’s wages, which didn’t go unnoticed by the customers. Overall, the chain is likely to disappear altogether.