Ruby Tuesday shrinks in a major way

Per AL.com:

Ruby Tuesday’s will close about 95 of its restaurants, the company announced Thursday.

The Tennessee-based chain said the closures account for about 13 percent of all its properties. The chain operates 724 Ruby Tuesday restaurants in 44 states and 14 foreign countries [as of March].

The list of restaurants that will be closed has not been released but the changes will come quickly. The company said the “underperforming” locations will close next month.

Restaurant officials said the closures were due to downturns in the casual dining industry and increased competition.

The move comes after the chain suddenly closed all of its restaurants in Illinois last month.

Michael Lowrey

Michael Lowrey is a contributor to Carolina Journal and a policy analyst for the John Locke Foundation. Lowrey has written numerous articles for the foundation on topics su...

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