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Tech News
Yum Brands has finalized the sale of Pizza Hut to private equity firm LongRange Capital, closing a deal first announced in June. The transaction comes after the chain closed hundreds of restaurant locations over the past year amid ongoing struggles in the pizza segment.
Red Lobster is shutting down additional restaurant locations across the U.S. in 2026 as part of an ongoing effort to reduce its footprint following its 2024 Chapter 11 bankruptcy filing. The seafood chain is trying to rebuild its brand while continuing to scale back its physical presence.
Buffalo Wild Wings is closing a number of underperforming restaurants across the country, even as the chain continues to operate more than 1,400 locations nationwide. The closures mean some customers will lose their nearest outlet, though the brand's overall footprint remains largely intact.
Five Guys' latest franchise disclosure document shows the burger chain shut down 31 restaurants across multiple U.S. states last year, even as it continued adding new locations to its overall footprint. The filing details where these closures occurred as part of the company's routine reporting on its store network.
Dick's Sporting Goods is closing more Foot Locker stores in 2026 as part of an ongoing effort to shrink that chain's retail footprint. The company's stock dropped sharply after it issued a revised financial outlook, signaling that its turnaround plan for Foot Locker is behind expectations.
Nike has closed roughly two dozen of its small-format Nike Well Collective neighborhood shops spread across 12 states so far this year. The closures are part of a broader effort by the company to streamline and consolidate its retail footprint.