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Home / Business and Economy / Steakhouse Giant Shrinks from 60 to 13 Locations

Steakhouse Giant Shrinks from 60 to 13 Locations

10 Jan

•

Summary

  • McCormick & Schmick's fell from 60 to 13 locations nationwide.
  • Founded in 1979, the chain specialized in steaks, seafood, and oysters.
  • Acquisition by Landry's in 2011 preceded the sharp decline.
Steakhouse Giant Shrinks from 60 to 13 Locations

McCormick & Schmick's, a once-thriving steakhouse chain, has drastically contracted its operations, dwindling from 60 restaurants to a mere 13 locations nationwide. The brand initially launched in the Pacific Northwest in 1979, offering a distinctive blend of premium steaks, exceptionally fresh seafood, and oysters in an inviting, upscale yet unpretentious setting. Its early success led to widespread popularity and expansion throughout the 1980s and 1990s.

The turning point for McCormick & Schmick's came in 2011 when it was acquired by Landry's, a large restaurant conglomerate. Shortly after the acquisition, the chain's footprint began to diminish, with a significant wave of closures occurring in 2017. This downsizing trend has continued, exacerbated by shifting consumer dining habits, increasing operational costs, and intense competition within the steak and seafood market.

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Recent years have seen an accelerated decline, with the closure of long-standing establishments in key cities, including its final restaurant in Oregon, the state where it originated. Industry observers attribute this steep fall to a combination of factors, including reduced dining out frequency, rising costs, evolving tastes, and strategic decisions within Landry's diverse restaurant portfolio. The fate of McCormick & Schmick's reflects broader challenges facing classic steakhouse chains.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
McCormick & Schmick's faced closures due to changing dining habits, rising costs, and competition after its acquisition by Landry's.
McCormick & Schmick's was founded in the Pacific Northwest in 1979.
After Landry's acquired McCormick & Schmick's in 2011, the chain's number of locations significantly decreased.

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