How Many Cracker Barrels are Closing?
Cracker Barrel Old Country Store, Inc., a popular American chain of restaurants and retail stores, has been a staple of American roadside dining for decades. Founded in 1969 by Dan Evins, the company has grown to over 660 locations across the United States. However, in recent years, Cracker Barrel has been facing significant challenges, leading to the closure of numerous locations.
Why are Cracker Barrels Closing?
The closure of Cracker Barrels is largely attributed to several factors, including:
• Declining Sales: Cracker Barrel’s sales have been declining over the past few years, which has led to a significant decrease in profitability.
• Changing Consumer Preferences: Consumers are increasingly opting for online food delivery and dine-in options, which has affected the demand for sit-down restaurants like Cracker Barrel.
• Increasing Competition: The casual dining industry is highly competitive, and Cracker Barrel is facing stiff competition from other chains, such as Denny’s and Waffle House.
• Higher Operating Costs: Cracker Barrel has been facing increased operating costs, including higher labor costs, food prices, and rent.
How Many Cracker Barrels are Closing?
According to reports, Cracker Barrel has closed approximately 130 locations in the past five years, which represents about 20% of its total locations. The closures are part of the company’s efforts to streamline its operations and focus on more profitable locations.
Here is a breakdown of the number of Cracker Barrel locations that have closed in recent years:
Year | Number of Locations Closed |
---|---|
2018 | 24 |
2019 | 30 |
2020 | 21 |
2021 | 25 |
2022 (as of June) | 20 |
Impact on Employees and Communities
The closure of Cracker Barrels has a significant impact on employees and communities. Many employees are forced to seek new employment, which can be challenging in rural areas where job opportunities may be limited. The closures also have a ripple effect on local economies, as the restaurants often generate significant revenue for local businesses and services.
Cracker Barrel’s Response
In response to the closures, Cracker Barrel has implemented several initiatives to revamp its business model and improve profitability. These include:
• Menu Revisions: Cracker Barrel has revised its menu to offer more modern and healthy options, while also keeping its classic comfort food offerings.
• Digital Transformation: The company has invested heavily in digital marketing and e-commerce to attract a new generation of customers.
• Restaurant Renovations: Cracker Barrel is renovating its restaurants to create a more modern and welcoming atmosphere.
Conclusion
While the closure of Cracker Barrels is a significant challenge for the company and its employees, it is also an opportunity for Cracker Barrel to refocus and revitalize its business model. By adapting to changing consumer preferences and implementing new initiatives, Cracker Barrel can remain a beloved American brand for generations to come.
Here is a summary of the key points:
- Cracker Barrel has closed approximately 130 locations in the past five years, representing about 20% of its total locations.
- The closures are attributed to declining sales, changing consumer preferences, increasing competition, and higher operating costs.
- The impact on employees and communities is significant, with many employees seeking new employment and local economies feeling the ripple effect.
- Cracker Barrel has implemented initiatives to revamp its business model, including menu revisions, digital transformation, and restaurant renovations.
- The company’s ability to adapt and innovate will be crucial to its continued success.