We have seen a significant closing of units during our last four-month period. For the past two years (since we began tracking), chains were increasing units by 2 to 1 margin. Optimism had a long run. Whether or not locations were succeeding by year over year sales comparisons or not, is not what we gauge here, only expansions and lack there of.
Now we are seeing closings that almost equal openings 1 for 1 for the first time since our tracking began. In some weeks we saw closings edging out openings by slight margins.
Other insights include a purview into quick/fast service locations that have been closing units lately as well as upscale and casual types, which have been steadily shedding units for about one year. Prior to this period, data revealed no end in sight for the quick/fast service segment.
Above all, most growth is still quick/fast service restaurants vs. casual/upscale by a unit-opening margin of 4 to 1.
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