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Thousands of American restaurants closing over rising costs, declining sales. (2026, October 25). CBS News. https://www.cbsnews.com/video/thousands-american-restaurants-closing-rising-costs-declining-sales/
“Thousands of American restaurants closing over rising costs, declining sales.” CBS News, 25 Oct. 2026, https://www.cbsnews.com/video/thousands-american-restaurants-closing-rising-costs-declining-sales/.
“Thousands of American restaurants closing over rising costs, declining sales.” CBS News, October 25, 2026. https://www.cbsnews.com/video/thousands-american-restaurants-closing-rising-costs-declining-sales/.
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As of October 25, 2026, CBSNews.com reported that over 7,500 U.S. restaurant locations had closed in the first six months of 2026 due to rising costs and declining sales. Mark Strassmann highlighted the financial pressures forcing restaurants to shut down or consider significant changes to stay afloat.