{"id":4291,"date":"2026-09-10T19:52:03","date_gmt":"2026-09-10T19:52:03","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=4291"},"modified":"2026-09-10T19:52:03","modified_gmt":"2026-09-10T19:52:03","slug":"ocharleys-shutters-all-corporate-locations-in-us-after-steep-sales-decline","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=4291","title":{"rendered":"O’Charley’s shutters all corporate locations in US after steep sales decline"},"content":{"rendered":"
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Casual dining chain O\u2019Charley\u2019s Restaurant & Bar is reportedly closing its remaining locations nationwide, according to employees who spoke with local news outlets, bringing the 55-year-old restaurant chain\u2019s run to an apparent end.<\/p>\n
Managers at six of the chain\u2019s eight remaining Middle Tennessee locations told Nashville-based WKRN that employees had been informed the restaurants would close Wednesday at 8 p.m.<\/p>\n
O\u2019Charley\u2019s has not publicly announced the closures and did not respond to multiple inquiries from WKRN. The company has also disabled its primary social media accounts, while its website was inaccessible Thursday morning.<\/p>\n
119-YEAR-OLD NJ AMUSEMENT PARK TO CLOSE, GO UP FOR SALE<\/strong><\/p>\n
FOX Business reached out to Cannae Holdings Inc., which owns a 65.4% equity interest in O\u2019Charley\u2019s.<\/p>\n
The reported shutdown comes as the Nashville-founded chain has struggled with declining customer traffic and sales.<\/p>\n
O’Charley’s in Turkey Creek closed Sept.9, 2026.<\/span> (USA Today Network via Reuters Connect)<\/span><\/p>\n<\/div>\n<\/div>\n
Cannae reported that guest counts at the restaurant chain fell 23.8% during the second quarter of 2026 compared with the same period a year earlier.<\/p>\n
Comparable store sales fell 13.1% during the quarter and declined 12.8% during the first six months of 2026, according to Cannae\u2019s filings with the Securities and Exchange Commission.<\/p>\n
El Charro will open a new location at the old O\u2019Charley\u2019s by the Tippecanoe Mall, pictured here March 4, 2025, in Lafayette, Ind.<\/span> (USA Today Network via Reuters Connect)<\/span><\/p>\n<\/div>\n<\/div>\n
Cannae said in its second-quarter update that O\u2019Charley\u2019s continued to face challenges maintaining customer traffic. Management had been working to stabilize the business through menu changes, improvements to guest service and the closure of underperforming restaurants.<\/p>\n
The Las Vegas-based investment company also said it was continuing to explore “strategic alternatives” for its restaurant group as part of a broader portfolio transformation strategy.<\/p>\n
O\u2019Charley\u2019s was founded in 1971 by Charles Watkins on 21st Avenue near Vanderbilt University in Nashville.<\/p>\n
O’Charley’s in Hendersonville, Tenn<\/span> (USA Today Network via Reuters Connect)<\/span><\/p>\n<\/div>\n<\/div>\n
Watkins sold the business in 1984 to David Wachtel, a former Shoney\u2019s executive who expanded O\u2019Charley\u2019s into a regional chain. By 1993, the company had grown to 45 locations.<\/p>\n
The brand later expanded to hundreds of restaurants across the Southeast and Midwest before substantially reducing its footprint in recent years.<\/p>\n
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O\u2019Charley\u2019s operated 52 locations nationwide earlier this year, according to WKRN.<\/p>\n<\/div>\n
Check out what’s clickin… <\/p>\n","protected":false},"author":1,"featured_media":4292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[921,4594,5782,7232,1120,7233,3757],"class_list":["post-4291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-corporate","tag-decline","tag-locations","tag-ocharleys","tag-sales","tag-shutters","tag-steep"],"yoast_head":"\n
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![\"O'Charley's](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/09\/931\/523\/ocharleys-restaurant-construction.jpg?ve=1&tl=1\")
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<\/source><\/source><\/source><\/source><\/picture><\/div>\n![\"O'Charley's](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/09\/931\/523\/ocharleys-restaurant.jpg?ve=1&tl=1\")
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