13 August, 2016
Ruby Tuesday announced almost 100 restaurants nationwide will shut its doors in September. According to the company's press release, the under-performing locations will stop operations by September. Ruby Tuesday counted 724 restaurants in its system as of the end of May, with a lot of them owned by the company.
The Maryville, Tenn. -based casual-dining operator had a total of 724 units at the end of the fourth quarter ended May 31.
Buettgen said the closures are part of a broader initiative to prop up profit and reignite sales.
Ruby Tuesday is the latest restaurant to announce decreased sales, with McDonald's MCD and Wendy's WEN posting lower year-over-year sales numbers.
Muslim woman mistaken for terrorist sues Chicago officers
Kulis said the police's incident report included information that somebody indicated she was a " lone wolf suicide bomber ". Because of the pending litigation, Al-Matar - who goes by the name Angel - spoke only a few sentences Thursday.
Snapchat Under Fire for Another Racist Filter
In April, the platform introduced a "4/20" filter that was created to make users look like Bob Marley - dreadlocks and all. Snapchat has removed a " racist " filter after online uproar from thousands of users who dubbed it "yellowface".
Record number of Chinese patrol boats spotted near disputed Senkaku Islands
China also claims the area within its nine-dash maritime border that the Hague arbitration panel ruled invalid. The hangars were constructed on Fiery Cross, Subi and Mischief Reefs, part of the Spratly Islands.
Goodbye, Ruby Tuesday restaurants in dozens of cities across the country. Other measures include a revamped menu and improved salad bar, which the company had previously announced. "While the decision to close restaurants has been extremely hard, it is a necessary step as we take aggressive actions to strengthen our organization".
Total revenue declined 5.9 percent to $279.3 million, which included a net reduction of 12 corporate-owned Ruby Tuesday restaurants and 17 corporate-owned Lime Fresh Mexican Grill restaurants during fiscal year 2016.
The chain recorded a fourth-quarter net loss of $27.6 million; a year ago, it reported a net gain of $4.3 million during the same span.
"Performance at each of these locations, despite the loyalty of valued guests and the efforts of our dedicated employees, was not meeting expectations", said Buettgen. Both McDonald's and Wendy's blamed November's election for poor restaurant sales, too.