March 4, 2022 Copy Link

2513 restaurants permanently closed in US in February, up +10% from 2,289 in December. New restaurant openings dropped to 752, the lowest number of new openings since last May.  Subway closed another 30 of their over 22,000 locations, and Starbucks closed 17 of their 9500 locations.  New restaurant openings were led by Dominos (7) and Burger King (6).

 

In Canada, there were 177 new restaurants opened in February, up from 139 in January. This is the highest number of new restaurant openings reported in the past year.  Restaurant closings were up +43% (275) however.  Starbucks closed 84 locations,  23 of which were in Alberta.   Pizza Pizza opened 8 locations.

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The Store Connect data portal is updated on the first of every month, with “by location” information across North America.