A Famous Chain with 300 Locations Now Closes Dozens More

A famous chain with 300 locations now closes dozens more due to ‘poor performance’, officials have confirmed.

Hooters has shuttered dozens of locations following poor performance as the company admits defeat in some areas.

The company is following in the footsteps of other chains including Red Lobster and Rubio’s Coastal Grill.

“Like many restaurants under pressure from current market conditions, Hooters has made the difficult decision to close a select number of underperforming stores,” a Hooters spokesperson told CNN.

While the exact number of locations affected has not been revealed, local reports cite numbers around 40 of the chain’s 293 locations as being part of the move.

These include locations in Florida, Kentucky, Rhode Island, Texas, and Virginia.

Over the weekend, the chain abruptly shuttered its only location in Galveston Island, Texas, according to Nation’s Restaurant News.

This is one of at least eight Hooters locations that closed the weekend in The Lone Star State including in Wichita Falls, Lubbock, and Kirby.

Officials have noted that the chain will prioritize looking after affected staff.

“Ensuring the well-being of our staff is our priority in these rare instances,” the statement added.

However, an employee of one of the shuttered locations in Texas called the last-minute closure “a slap in the face,” per Chron News.

The employee claimed she was asked to attend a meeting with her colleagues at 7:30 am on Sunday where they were told of the closure.

She added that those who wished to transfer to another Hooters bar would have to help clean and close the restaurant for the following three days.

Despite the abrupt closures, officials have issued a statement of hope to fans of the 41-year-old chain.

Hooters “remains highly resilient and relevant” as it has expanded its products into grocery stores and is operating on an increasing scale outside of the US, officials said.

“We look forward to continuing to serve our guests at home, on the go, and at our restaurants here in the US and around the globe,” the spokesperson added.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

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Market News Today - A Famous Chain with 300 Locations Now Closes Dozens More.
Market News Today – A Famous Chain with 300 Locations Now Closes Dozens More.

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

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Market News Today - A Famous Chain with 300 Locations Now Closes Dozens More.
Market News Today – A Famous Chain with 300 Locations Now Closes Dozens More.

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