Gourmet burger chain seeks to pay down debt by shedding company-owned locations Red Robin Gourmet Burgers has announced sales of 116 restaurants as part of refranchising agreements. (CoStar) By Linda Moss CoStar News June 16, 2026 | 3:57 P.M. Red Robin Gourmet Burgers is selling 86 of its company-owned restaurants for $72.5 million as part of […]
Restaurant spending holds steady in tough climate; Consumer confidence improves; Mortgage applications rise
Restaurant visits are holding up despite elevated inflation, according to the National Restaurant Association. (Wyatt Stueve/CoStar) By Lou Hirsh CoStar News June 14, 2026 | 6:37 P.M. Restaurant spending holds steady in tough climate U.S. restaurant spending appears to be holding up despite an onslaught of rising consumer prices and escalating use of weight-loss drugs now […]
Sleep Number enters bankruptcy with plan to merge, evaluate store fleet
US mattress retailer has stalking horse offer from Sleep Country Canada Mattress retailer Sleep Number has a fleet of nearly 600 U.S. stores. (CoStar) By Linda Moss CoStar News June 12, 2026 | 3:37 P.M. Mattress retailer Sleep Number has filed for bankruptcy, with plans to review its remaining fleet of nearly 600 U.S. stores and […]
On The Border closes all its corporate-owned US restaurants
Closures come a year after restaurant chain was purchased from bankruptcy On The Border plans to close all its corporate-owned U.S. restaurants. (CoStar) By Candace Carlisle CoStar News June 12, 2026 | 4:05 P.M. Tex-Mex restaurant chain On The Border Mexican Grill & Cantina is closing all its corporate-owned U.S. restaurant locations about a year after a […]