Goodbye, Ruby Tuesdays: Chains Are Closing Stores Around the U.S.
Chains are hurting as the U.S. undergoes “one of its biggest restaurant shakeouts in years,” the Wall Street Journal reported recently, but independents aren’t really doing any better. The number of restaurants has been exceeding customer demand, leading to closures and bankruptcies around the country.
Ruby Tuesday Inc. recently announced it will say goodbye to nearly 100 restaurants, while Bob Evans Farms closed down 27 locations in April alone, plus 20 last year. Three lesser-known restaurant companies have also filed for Chapter 11 bankruptcy protection. These include Cosi Inc., Rita Restaurant Corp. (parent company of the Don Pablo chain) and