Over 2100 restaurants permanently closed in June across Canada & US, 16% more than May. New restaurant openings almost doubled in Canada (118 vs 62) and almost tripled in US (1592 vs 540).
Notable brand activity includes Starbucks which closed 86 locations, and Quiznos which closed 48 locations. Blimpie’s American Sub Shop closed 34 locations, which is almost 1/4 of their stores.
It’s Just Wings continued it’s aggressive expansion, adding another 25 stores in June across the US. There was no significant brand expansion in Canada.