Ruby Tuesday to close 95 restaurants

MARYVILLE, TN (WWAY) – Ruby Tuesday has announced it plans to streamline its organization, which includes closing nearly 100 restaurants.

Ruby Tuesday recently completed a comprehensive review of its corporate-owned restaurant portfolio and decided to close approximately 95 underperforming restaurants.

These locations will close by September.

As of May 31, Ruby Tuesday’s was made up of 724 restaurants, of which 646 were company-operated. A news release says they made this decision based on analyzing sales, cash flows and other key performance metrics, as well as site location, market positioning and lease status.

JJ Buettgen, Chairman of the Board, President, and Chief Executive Officer, said, “The decision to close restaurants is a difficult but necessary step as we take aggressive actions to strengthen our organization. Performance at each of these locations, despite the loyalty of valued guests and the efforts of our dedicated employees, was not meeting expectations. Full-time and part-time employees impacted by closures will be offered positions in nearby restaurants where possible.”

The company also announced it was introducing a Fresh Start initiative, which aims to improve the food and beverage offering, dining environment and service at its namesake brand through a Fresh New Menu, Fresh New Garden Bar, and Fresh Experience.

We contacted Ruby Tuesday’s in Wilmington.  They have not heard of any plans to close. We will keep you updated.

 

 

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