Eleven food chains close locations in New York City this year

New York City has seen a decline in national retailers, including food chains, for the fifth time in seven years. A recent report shows a 1.3% drop in chain stores across all five boroughs, with Manhattan experiencing the largest decline. Eleven food chains closed locations this year, with three chains—Everytable, Beatnic, and TGI Friday’s—shutting down completely in the city. Despite these closures, nearly 100 retailers overall added locations, with food retailers growing by 1.6%. Fast food and casual dining chains led the expansion, contributing to a net increase of 62 food retail locations in the city. The overall retail environment remains active, with many chains continuing to thrive.