Current:Home > FinanceEthermac|Hooters closing underperforming restaurants due to 'current market conditions' -Elevate Capital Network
Ethermac|Hooters closing underperforming restaurants due to 'current market conditions'
Surpassing View
Date:2025-04-07 03:19:38
Hooters announced several "underperforming" restaurants will close their doors permanently.
A "select number" of restaurants will shutdown due to "pressure from current market conditions,Ethermac" the chain said in a statement to USA TODAY Monday.
"Ensuring the well-being of our staff is our priority in these rare instances," the statement reads. "This brand of 41 years remains highly resilient and relevant. We look forward to continuing to serve our guests at home, on the go and at our restaurants here in the U.S. and around the globe."
The company did not clarify which locations will shutdown or share a timeline for the closures, but reporters around the nation with the USA TODAY Network found dozens of Hooters restaurants shuttered on Monday, including in Florida, Texas, Kentucky and Indiana.
Hooters had 293 locations
The chain said they are continuing to open locations domestically and internationally while launching Hooters frozen products at grocery stores.
Technomic Ignite shows that Hooters had 293 restaurants by the end of 2023, a 1.3% decrease from 2022, Nations Restaurant News reported.
The company has experienced a 12% decline since the end of 2018, when there were 333 Hooters locations, per NRN.
Red Lobster, Rubio’s Coastal Grill also close spots
The announcement comes as other restaurant chains face mass closures.
Earlier this month, Red Lobster was unable to renegotiate their leases, according to bankruptcy documents, after the company's website listed 99 closures across 28 states in May.
The company listed 228 rejected leases it says will keep losing money if they continue operating as they currently are. The list of restaurants includes at least some of the restaurants it has already closed, according to RNN. Some Red Lobster locations had their equipment auctioned off via an online restaurant liquidator putting an additional 129 restaurants at risk of shutting down.
Rubio’s Coastal Grill also closed 48 "underperforming" Mexican grill restaurants across California this month, NRN reported. By the end of 2023, about 33% of chain restaurants had less locations than they started the year with.
Contributing: Gabe Hauari
veryGood! (95824)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Kia, Hyundai recall over 3.3 million vehicles for potential fire-related issues
- Renting vs. buying a house: The good option for your wallet got even better this year
- Phillies deny emotional support alligator from entering ballpark
- Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
- Ex-Lizzo staffer speaks out after filing lawsuit against singer
- North Dakota Supreme Court strikes down key budget bill, likely forcing Legislature to reconvene
- Netflix’s DVD-by-mail service bows out as its red-and-white envelopes make their final trip
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- 6 women are rescued from a refrigerated truck in France after making distress call to a BBC reporter
Ranking
- The Daily Money: Disney+ wants your dollars
- Is nutmeg good for you? Maybe, but be careful not to eat too much.
- 4 environmental, human rights activists awarded ‘Alternative Nobel’ prizes
- Ex-Lizzo staffer speaks out after filing lawsuit against singer
- Olympic men's basketball bracket: Results of the 5x5 tournament
- Hundreds attend funeral for high school band director who died in bus crash
- Heinz announces new product after Taylor Swift condiment choice goes viral at Chiefs game
- 2 accused of false Alzheimer’s diagnoses get prison terms for fraud convictions
Recommendation
Messi injury update: Ankle 'better every day' but Inter Miami star yet to play Leagues Cup
Police looking for boy at center of pizza gift card scam to support his baseball team
Mom of slain deputy devastated DA isn't pursuing death penalty: 'How dare you'
Who won 'AGT'? Dog trainer Adrian Stoica, furry friend Hurricane claim victory in Season 18 finale
US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
California man pleads guilty to arranging hundreds of sham marriages
In UAW strike, Trump pretends to support workers. He's used to stabbing them in the back.
1000-Lb. Sisters' Tammy Slaton Shares New Glimpse at Weight Loss Transformation