Popular steak and seafood chain quietly closes 80 locations
After almost half a century in the restaurant business, McCormick & Schmick's seems to be downsizing quietly. The upscale steakhouse and seafood chain will close 80 locations, which follows a downsizing trend that began in 2009.
The end of an era continues
If you're a fan of McCormick & Schmick's, now is the time to grab a meal because closures are happening.
Closing 80 locations is notable, especially in big cities like Pittsburgh. This particular location opened 18 years ago, and has now informed customers that it has closed effective immediately.
“We regret to inform you that this location has closed,” read a message on the restaurant's door.
“We are grateful for the support of our community and encourage our guests to visit us at our sister locations nearby!” the notice said.
The cost of beef has skyrocketed
The closures can be blamed on several factors, but the biggest is perhaps the cost of beef. It's no secret that beef has skyrocketed over the past year or so, making it unaffordable for many shoppers.
Restaurants are no different and are feeling the pinch. Prices as of March 2026 were $12.73 per pound, a 16% increase.
While some restaurants may have held off on passing the burden to customers, it looks like price increases are happening now.
A change in diners' habits
Menu pricing has made some diners rethink going out to eat. If you're like the vast majority of people out there, you've got less disposable income right now, thanks to the price of pretty much everything going up.
Even if you do want to grab a bite to eat, upscale dining may not be your first choice. Middle-priced, or even fast-food, may seem like the better option.
An industry-wide issue
If it seems like you're reading about restaurant closures daily, you're not wrong. This is an industry-wide issue that chains are struggling to deal with. There's never been a better time to show your favorite restaurants some love.
Source: TheStreet
