2012 restaurants permanently closed in US in December, down from 2328 in November. 1,249 new restaurants opened in December, up from 1,100 a month ago. Subway closed another 76 of their over 22,000 locations, and Baskin Robbins closed 44 of their 1,502 locations.
In Canada restaurant closings were down as well (228 from 248). There were 127 new restaurants opened, up +41% from November. 13 of the new openings were pizza restaurants including 3 Pizza Hut’s.
Over the past 6 months the ratio of restaurant openings to closings has been 2:1 in Canada and 3:2 for US. Over the same time frame, shifts have been led by independents (less than 5 locations) where they accounted for 61% of closings and 88% of new openings across North America.,