Noodles & Company
Founded in 1995, Noodles & Company enjoyed a few years of success before their revenue began to decline. People didn’t seem to want to get in on the noodle buzz too much after the early 2000s. What really made a difference, however, was a data breach in 2016 that compromised customers’ personal information all over the states. The data breach ended up costing the company $11 million. In addition, they had to close 10% of their locations in 2018.
Joe’s Crab Shack
An informal food seafood chain that specializes in massive buckets of crab, stuffed shrimp, and other American comfort dishes, Joe’s Crab Shack used to be beloved. It might have been their competition with Bubba Gump or other independent seafood restaurants that made them less desirable to their customers. In 2017, the company filed for bankruptcy and closed 41 of its locations. Right now, there are still 58 locations open, but more are expected to close this year.