Japanese Standing Steakhouse Ikinari Will Shutter 9 of Its 11 NYC Locations.
Last year, the parent company debuted on the Nasdaq stock exchange, but soon after, the chain reported slow sales. Ikinari founder Kunio Ichinose and stateside operator Takashi Tsuchiyama once hoped for at least 20 locations in Manhattan — but now, only two will remain.
I think the steak culture is different between the US and Japan.
https://ny.eater.com/2019/2/15/18226734/ikinari-closing-pepper-lunch-opening-nyc