Red Lobster now confirms more painful closures in Florida after the restaurant chain has shuttered 100 locations since its bankruptcy.
Red Lobster, the well-known seafood restaurant chain, has recently announced the closure of 7 additional outlets across 6 different states, with Florida bearing the brunt of these closures.
A total of two new locations have been added to the list of Red Lobster closures in the state of Florida.
This latest round of shutdowns comes on the heels of the company’s bankruptcy filing in May, which had already resulted in the closure of 99 locations nationwide.
The closures in Florida, affecting restaurants in Clermont and The Villages, underline the ongoing challenges faced by this iconic seafood chain.
Red Lobster has grappled with various obstacles in recent years, including soaring food and labor costs, as well as significant operating losses, which were further exacerbated by its ill-fated “Ultimate Endless Shrimp” promotion.
This promotion alone has left the company owing $21 million for shrimp.
This misstep, combined with a 30% decline in guest numbers over the past 4 years, has forced the company to take drastic measures in a bid to ensure its survival.
Which Red Lobster locations have closed in Florida?
Below is an updated list of Red Lobster restaurants that have shuttered in the state of Florida:
- Altamonte Springs: 340 West SR 436
- Clermont: 2475 S Hwy 27
- Daytona Beach Shores: 3162 S Atlantic Ave.
- Gainesville: 6910 W. Newberry Road
- Hialeah: 1750 W 49th Street
- Jacksonville: 416 Commerce Center Drive
- Jacksonville: 8720 Baymeadows Road
- Jacksonville: 13090 City Station Drive
- Jensen Beach: 3544 NW Federal Hwy
- Kissimmee: 4010 West Vine Street
- Largo: 10500 E Ulmerton Road
- Leesburg: 10010 US Highway 441
- Orlando: 3552 E. Colonial Drive
- Orlando: 7373 W Colonial Drive
- Orlando: 8003 Golden Sky Lane
- Sanford: 20 Towne Center Circle
- Tampa: 2625 East Busch Blvd.
- Tampa: 17021 Palm Pointe Drive
- The Villages: 3830 Wedgewood Ln
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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois
Other Economy News Today
A beloved grocery chain now confirms unexpected closures across the Northeast taking place by the end of the year.
Grocery chain Stop & Shop has announced that a total of 32 underperforming locations will shutter in the U.S.
The company said the select stores across the Northeast will be closed before the end of the year.
Stores in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island will close by November 2.
In May, the company announced the coming store closures.
“Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” company president Gordon Reid said, per a July 12 press release.
The company’s president added that the closures were essential “to create a healthy base for the future growth of our brand.”
Fortunately, employees will be offered other positions within the company, according to a press release.
The grocery outlet first opened in 2014 and currently has around 400 stores and 60,000 employees, per Fox affiliate KRLD.
Stop & Shop is owned by Ahold Delhaize which also owns Food Lion, Giant Food, and Hannaford.
Which grocery stores are closing?
In New Jersey, 10 locations will close, while only seven will close in New York.
Rhode Island will see two closures and Massachusetts, the home of the first location, will be closing eight.
Five stores will also be closing in Connecticut.
As other chains such as Walmart and Amazon join the grocery business, it has pushed traditional grocery stores out of view, reports The-Sun.
Stop & Shop hopes the closure of underperforming stores will create “future growth” for the company.
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