47-year-old high-end steak and seafood chain closes 80 locations

The steakhouse edifice assemblage has faced a large interaction from an summation successful beef costs, arsenic steak prices spiked 16% to $12.73 per lb successful March 2026, according to information from the Federal Reserve Bank of St. Louis, WIBC- Radio reported.

As the terms of beef increases for restaurants, user request for the merchandise has declined arsenic paper prices besides rise, reducing income astatine steakhouses.

Reduced income person led definite establishments to adjacent their businesses.

McCormick & Schmick's determination closes

Restaurant concatenation proprietor Landry's Inc. closed its high-end McCormick & Schmick's steak and seafood eating determination successful downtown Pittsburgh, aft it had operated for 18 years, the institution announced connected May 26 successful a announcement connected the restaurant's beforehand door, according to KDKA-TV.

"We regret to pass you that this determination has closed," the connection read.

"We are grateful for the enactment of our assemblage and promote our guests to sojourn america astatine our sister locations nearby!" the announcement said.

The connection listed six Landry's sister restaurants adjacent the closed restaurant: Del Frisco's, Ground Concourse, Morton's, Bill's Bar & Burger, Houlihan's, and Mitchell's Fish Market.

Landry's did not uncover a crushed for closing the downtown Pittsburgh McCormick & Schmick's location.

"After galore years serving the downtown Pittsburgh community, McCormick & Schmick's connected Fifth Avenue has made the hard determination to adjacent its doors," Shah Ghani, the company's main operating officer, said successful a connection to KDKA.

"We are incredibly grateful to our loyal guests and dedicated squad members for allowing america to beryllium portion of truthful galore celebrations, traditions, and memorable moments implicit the years, Ghani said.

The institution is transitioning employees to adjacent sister locations, helium said.

Chain had 94 restaurants

Founders Bill McCormick and Douglas Schmick owned astir 94 restaurants astatine the company's highest successful 2009, including mostly McCormick & Schmick's locations, arsenic good arsenic Jake's Famous Crawfish, M&S Grill, McCormick & Kuleto's, William Douglas Steakhouse, and The Boathouse, according to The Oregonian.

The institution opened the city's archetypal McCormick & Schmick's astatine SouthSide Works successful 2005, followed by the downtown Pittsburgh determination successful 2008. The institution closed the SouthSide determination successful 2021, according to KDKA.

McCormick & Schmick's slashes 80 stores

McCormick & Schmick's has closed astir 80 locations since its highest and presently operates 14 locations successful 11 states, positive M&S Catering astatine the Museum of Flight successful Seattle.