Red Lobster Abruptly Closes Dozens of Locations
Equipment Liquidation Sale Begins
May 14, 2024 9:47 AM
In a shocking move, Red Lobster has abruptly closed dozens of its locations across the country. A look at the restaurant chain's website reveals 87 closures, representing about 15% of the company's approximately 700 locations. It remains the largest seafood restaurant chain in the United States, but these closures are a significant blow to its presence.
The closures come as the popular seafood chain has faced declining sales in recent years. The company has been trying to turn around its fortunes with new menu items and promotions, but it has not been enough to stop the slide. The closures will likely lead to job losses for thousands of workers.
Red Lobster is now selling off equipment from the closed locations. The sale includes everything from lobster tanks to industrial freezers. If you have ever wanted to buy a piece of Red Lobster history, now is your chance.
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