Shopping blues

Filed for Chapter 7 protection on July 28

Burgers and steaks aren't going out of style, but more Americans would rather eat at home then drive to mid-priced eateries such as Bennigan's and its sister restaurant, Steak & Ale. The chains' holding company, S&A Restaurant Group, will liquidate its assets, shutting down more than 300 company-owned locations (132 Bennigan's franchises will stay alive). Analysts attribute the bankruptcy to the decline of the once-sizzling casual dining sector, which has been battered by fast food retailers in recent months. But Bennigan's, with its vaguely Irish leanings, also suffered from the lack of a distinct brand identity.

NEXT: Steve & Barry's