Applebee’s
Applebee’s has been around since 1980 after their first location opened its doors. The restaurant chain was doing very well initially, but over time, they started seeing a decline in sales that wasn’t improving. The chain had no other choice but to close more than 120 of its locations.
The owner of Applebee’s, Dine Brands, tried different methods to attract customers, such as offering healthier options, a new delivery method, and even serving $1 cocktails. Unfortunately, none of these had worked, and the chain is likely to close another 20 locations this year.