Red Lobster closings: These are the locations it wants to shut down

New York CNN —

Red Lobster wants to close several dozen more restaurants following its bankruptcy, and it has identified which ones are in danger of shutting down if the court approves its plan.

The chain, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, filed for bankruptcy last month.

Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand. It plans to sell its business to its lenders, and in turn, it will receive financing to stay afloat. Part of its plan is to close some locations of its nearly 600 restaurants in the meantime.

A few weeks prior to its bankruptcy, it abruptly closed around 50 locations across the United States. The new list of locations in danger of closing was revealed in court filings last week, and all could be shuttered if they can’t renegotiate their leases.

The list below, which also includes its iconic Times Square location, contains some restaurants that have already closed in May.

Alabama

- 2620 McFarland Blvd. E, Tuscaloosa

Arizona

- 2500 S. Beulah Blvd., Flagstaff

- 7921 W. Bell Rd., Peoria

- 2810 North 75th Ave., Phoenix

- 5061 North Oracle Road, Tucson

- 1521 S. Yuma Palms Parkway, Yuma

Arkansas

- 3885 N Shiloh Drive, Fayetteville

- 7401 Rogers Ave., Fort Smith

- 4500 Central Avenue, Hot Springs

- 8407 W. Markham Street, Little Rock

California

- 6231 Sunrise Blvd, Citrus Heights

- 503 E. Calaveras Blvd., Milpitas

- 928 W. Huntington Ave., Monrovia

- 4095 Century Blvd, Pittsburg

- 1720 N Main Street, Salinas

- 195 E. Hospitality Lane, San Bernardino

- 2040 Aborn Road, San Jose

- 2283 W. March Lane, Stockton

- 1180 Admiral Callaghan Lane, Vallejo

Colorado

- 4925 N Academy Blvd, Colorado Springs

- 3301 S. College Ave., Fort Collins

- 2885 23rd Ave, Greeley

- 3306 N Elizabeth Street, Pueblo

Connecticut

- 320 Universal Drive North, North Haven

Delaware

- 309 Rocky Run Parkway, Talleyville

Florida

- 340 West SR 436, Altamonte Springs

- 1915 S Wanamaker Road, Topeka

Kentucky

- 4639 Outer Loop, Louisville

- 5151 Hinkleville Road, Paducah

Maryland

- 2314 N Salisbury Blvd, Salisbury

Michigan

- 4109 Wilder Road, Bay City

- 3920 28th St., SE Kentwood

- 479 Telegraph Road, Waterford

Minnesota

- 1951 American Blvd. West, Bloomington

- 8900 Golden Valley Road, Golden Valley

Mississippi

- 895 Barnes Crossing Road, Tupelo

Missouri

- 12235 Saint Charles Rock Rd, Bridgeton

- 3885 N Shiloh Drive, Fayetteville

- 4328 Noland Rd, Independence

- 3131 Range Line Rd., Joplin

New Jersey

- 3003 Route 130 South, Delran

- 4411 Black Horse Pike, Mays Landing

- 211 Route 17 S, Paramus

New York

- 2090 Bartow Ave., Bronx

- 801 Sunrise Highway, Copiague

- 295 E Fairmount Avenue, Lakewood

- 5 Times Square, Manhattan

- 750 Upper Glen Street, Queensbury

- 2220 Nesconset Highway, Stony Brook

North Carolina

- 1805 Walnut Street, Cary

- 304 A Western Blvd., Jacksonville

Ohio

- 6500 Miller Lane, Dayton

- 2340 Tiffin Ave., Findlay

- 1422 Reynolds Road, Maumee

- 255 Graff Road, S.E., New Philadelphia

- 7607 Day Drive, Parma

- 17227 Southpark Center, Strongsville

- 4990 Monroe St., Toledo

Pennsylvania

- 935 Wayne Ave, Chambersburg

- 425 W. DeKalb Pike, King of Prussia

- 4766 McKnight Rd., Pittsburgh

South Carolina

- 1270 Knox Abbott Drive, Cayce

- 2080 Sam Rittenburg Blvd, Charleston

Tennessee

- 2131 Northgate Mall Dr, Chattanooga

Texas

- 3815 S. Lamar Blvd., Austin

- 109 W. Anderson Lane, Austin

- 5825 South Padre Island Drive, Corpus Christi

- 603 N. co*ckrell Hill Road, Duncanville

- 3056 Preston Road, Frisco

- 2760 S. Highway 6, Houston

- 5034 50th Street, Lubbock

- 7800 Bedford-euless Road, North Richland Hills

- 5815 N. Loop 1604 West, San Antonio

- 1381 S.W. Loop 410, San Antonio

- 17415 US 281 North, San Antonio

- 100 Ih 35 North, San Marcos

- 18446 Interstate 45 South, Shenandoah

- 3002 Saint Michael Drive, Texarkana

- 4401 Kemp Blvd., Wichita Falls

Virginia

- 555 S. Van Dorn Street, Alexandria

- 4115 Chesapeake Square Blvd, Chesapeake

- 10325 Fairfax Blvd., Fairfax

- 3109 Spotsylvania Mall Drive, Fredericksburg

- 5400 National Road East, Richmond

- 8009 West Broad Street, Richmond

- 709 Independence Blvd., Virginia Beach

- 821 Lynnhaven Pkwy, Virginia Beach

Washington

- 4231 196th SW, Lynwood

- 3208 NW Randall Way, Silverdale

West Virginia

- 3705 Murdock Ave., Parkersburg

Red Lobster closings: These are the locations it wants to shut down | CNN Business (2024)

FAQs

Why is Red Lobster closing locations? ›

Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand. It plans to sell its business to its lenders, and in turn, it will receive financing to stay afloat. Part of its plan is to close some locations of its nearly 600 restaurants in the meantime.

Explore More ›

Why is Red Lobster downsizing? ›

In May, Red Lobster suddenly closed nearly 50 locations nationwide without any prior announcement. Several days later, the company filed for Chapter 11 bankruptcy following years of struggling sales and last summer's Ultimate Endless Shrimp promotion fiasco.

Show Me More ›

Are dozens of Red Lobster restaurants closed in the US? ›

Dozens of Red Lobster restaurants have abruptly closed across the country and the company filed for Chapter 11 bankruptcy in Florida on Sunday.

Show Me More ›

What red lobsters in New Jersey are closing? ›

The three additional locations that are possibly being closed in 2024 are the following:

Delran (3003 Route 130 S.)
Mays Landing (4411 Black Horse Pike)
Paramus (211 Route 17 S.)

Jun 17, 2024

Explore More ›

Why did Red Lobster suddenly close? ›

Why is Red Lobster closing? According to Bloomberg, Red Lobster has been finding it difficult to make money with its current leases and labor costs. It has also been reported by CNN the company suffered a $12.5 million operating loss in the fourth quarter of 2023 despite its popular endless shrimp promotion.

Know More ›

Does Olive Garden still own Red Lobster? ›

Darden announced the completion of the sale of Red Lobster to Golden Gate Capital on July 28, 2014. Golden Gate sold 25% of Red Lobster to Thai Union in 2016 and then sold its remaining interest in Red Lobster to Thai Union in 2020, a news release states.

Who is buying Red Lobster? ›

In 2020, Thai Union expanded that stake, leading an investor group to buy out Golden Gate Capital and acquire Red Lobster. During the first half of 2021, Red Lobster posted an operating profit, and Thai Union touted Red Lobster's strength on calls with analysts and company presentations.

Tell Me More ›

Why did Darden get rid of Red Lobster? ›

Darden sold Red Lobster to Golden Gate Capital in 2014 at a 9x EBITDA multiple, after facing growing operational challenges. “Darden stopped investing in Red Lobster. Things slowly deteriorated,” said Les Foreman, Director of Ops and VP at Red Lobster from 2002 to 2022.

Keep Reading ›

Why is Red Lobster dark? ›

The darker color helps lobsters to avoid predators in the wild and is likely to have evolved by natural selection, although some creatures can be a bright royal blue. However, these blue lobsters turn into vibrant red lobsters when plunged into a pot of scalding water.

How much did Red Lobster lose? ›

Red Lobster's liquidity declined rapidly

Red Lobster suffered a $76 million net loss during fiscal year 2023, according to Tibus. Cash losses, including $31 million from June 2023 to September 2023, led to Red Lobster's liquidity rapidly declining, the CEO said in the document.

Discover More Details ›

Why is lobster being pulled from menus? ›

Some retailers are taking lobster off the menu after an assessment from an influential conservation group that the harvest of the seafood poses too much of a risk to rare whales and should be avoided.

View Details ›

Why are big red lobsters so expensive? ›

The slow growth rate of these crustaceans doesn't help its dwindling population. Finally, some of the prices you pay for lobsters also covers the technology that comes with farming, harvesting and storing them. Lobster farming is a lot of work, requiring farmers to keep the population fed, healthy, and thriving.

Keep Reading ›

Are red lobsters lobsters frozen? ›

As a former Red Lobster cook, I can tell you that we get it frozen when it comes in, and we fry it when it's needed.

Read On ›

What state has the most Red Lobster restaurants? ›

There are 649 Red Lobster restaurants in the United States as of February 01, 2024. The state and territory with the most number of Red Lobster locations in the US is Florida, with 59 restaurants, which is about 9% of all Red Lobster restaurants in the US.

Red Lobster closings: These are the locations it wants to shut down | CNN Business (2024)

FAQs

Why is Red Lobster closing locations? ›

How much did Red Lobster lose? ›