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Ruby Tuesday to close 95 restaurants
THE INDY CHANNEL ^ | 12 AUGUST 2016 | ERIC PFAHLER

Posted on 08/12/2016 4:24:57 PM PDT by Extremely Extreme Extremist

Ruby Tuesday plans to close 95 restaurants throughout the country, the company announced.

The locations of the restaurants to be closed have not been released, but the restaurants will be shutting down quickly. According to the company's press release, the under-performing locations will stop operations by September.

Ruby Tuesday's had 724 restaurants as of May 31, and 646 of those were company-operated.

(Excerpt) Read more at theindychannel.com ...


TOPICS: Business/Economy; Food; Society
KEYWORDS: economy; layoffs; restaurants
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1 posted on 08/12/2016 4:24:57 PM PDT by Extremely Extreme Extremist
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To: Extremely Extreme Extremist

“Goodbye... Ruby Tuesday..”


2 posted on 08/12/2016 4:28:23 PM PDT by TigerClaws
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To: Extremely Extreme Extremist

Prices are high: quality, so-so


3 posted on 08/12/2016 4:33:43 PM PDT by Theodore R. (Trump-Pence, Kelli Ward 2016)
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To: Extremely Extreme Extremist

Prices are high: quality, so-so


4 posted on 08/12/2016 4:33:46 PM PDT by Theodore R. (Trump-Pence, Kelli Ward 2016)
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To: Extremely Extreme Extremist

Macy’s, Ruby Tuesday...how’s that Obama-Clinton “recovery” working out...?


5 posted on 08/12/2016 4:34:52 PM PDT by nickedknack
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To: Extremely Extreme Extremist

Have been getting a lot of coupons in my email. Sometimes that is indicative of bad things to come...100s of jobs. Many college kids out of work just as semester starts....


6 posted on 08/12/2016 4:38:45 PM PDT by donozark (My thoughts are not very deep. But they are of and inquisitive nature.)
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To: Extremely Extreme Extremist
The locations of the restaurants to be closed have not been released...

I would hazard to guess. Near certain "urban" areas?


7 posted on 08/12/2016 4:38:53 PM PDT by COBOL2Java (Donald Trump, warts and all, is not a public enemy. The Golems in the GOP are stasis and apathy)
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To: Extremely Extreme Extremist

They used to have a nitch back when they had the Tuesday Trio and such. They’ve morphed into a burger joint and now a wanna-be upscale joint that’s too expensive. They used to be my brother and I’s back-up restaurant when everyone else was too busy. Of course, therein lies the problem.


8 posted on 08/12/2016 4:39:25 PM PDT by mykroar (Democrats in 2016: The party of genitalia, real or imagined.)
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To: donozark

A lot of them bernie-bots probably.


9 posted on 08/12/2016 4:40:21 PM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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To: TigerClaws

Hideous name. I always passed.


10 posted on 08/12/2016 4:40:30 PM PDT by BunnySlippers (I Love Bull Markets!!!)
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To: Extremely Extreme Extremist

Hope and change strikes again. 100 Macy’s stores closed earlier this week in the news.


11 posted on 08/12/2016 4:42:55 PM PDT by jsanders2001
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To: TigerClaws

Same blah overpriced crap as Chili’s, Applebees, Fridays..etc


12 posted on 08/12/2016 4:43:25 PM PDT by kaktuskid
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To: nickedknack

Let’s blame Amazon and the internet. Folks are obviously now eating on line since they can get two day delivery on their food.


13 posted on 08/12/2016 4:44:26 PM PDT by PAR35
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To: Extremely Extreme Extremist

Welp, there’s still Frisch’s! And their breakfast is hard to beat, other than cost...but ya gotta treat yourself right every so!


14 posted on 08/12/2016 4:44:57 PM PDT by W. (The right-wing Tony Soprano, Jr., in disguise. [Hell, I wish!])
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To: Extremely Extreme Extremist

Be interesting to correlate that recent local minimum wage increases.


15 posted on 08/12/2016 4:48:09 PM PDT by Noumenon (We owe them nothing: not respect, not loyalty, not obedience.)
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To: Extremely Extreme Extremist

Never liked the place. If this were TGIF’s I’d be upset some.


16 posted on 08/12/2016 4:48:44 PM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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To: COBOL2Java

From the “people”, that should be a Sizzler or Red Lobster. They’re dressed too nice for Chucky Cheese...


17 posted on 08/12/2016 4:49:33 PM PDT by EEGator
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To: Extremely Extreme Extremist

Expected - between the $15 minimum wage and health care mandates, places like Ruby Tuesday’s (sit-down food chains that try to keep prices reasonable) WILL BE TOAST soon.

The result will be either high-end places where labor cost is less of a factor, and fast-food places that can replace much of their manpower with machines, along with efficiencies associated with high volume.

Also surviving will be single-store, family-run outfits where it is much easier to have some people working off the books, and even if on the books, the higher pay stays in the family anyway, allowing the places to operate at virtually no reported profit, but with lots of money still making it to the household.

Very sad, they were nice places to eat at, particularly for people that travel but don’t want to roll the dice at family places - but there’s no way they can survive now.


18 posted on 08/12/2016 4:52:08 PM PDT by BobL (A vote for anyone but Trump is a vote that HELPS HILLARY. Think about it.)
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To: Extremely Extreme Extremist

But management did so well with the Morrison’s cafeteria chain.


19 posted on 08/12/2016 4:52:34 PM PDT by PAR35
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To: Extremely Extreme Extremist

Oh I hope they don’t close the one by me. The Burgers there are Great. Cooked just the way you ask, medium rare no problem. And I love the Salad Bar too. Drat!


20 posted on 08/12/2016 4:53:25 PM PDT by katnip (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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