Red Lobster Closures 2024: Is Your Favorite Restaurant Closing?

Advertisement

  • Red Lobster closures are affecting dozens of stores.
  • This comes as the company prepares for a potential bankruptcy filing.
  • Rising labor costs and increasing lease prices are behind this.
Red Lobster Closures - Red Lobster Closures 2024: Is Your Favorite Restaurant Closing?

Source: Shutterstock

Red Lobster closures have the company shutting down dozens of locations as it prepares for a potential bankruptcy filing.

Red Lobster has been seeking a buyer as ongoing economic trouble has weighed on its business. That includes increasing lease prices and the cost of labor rising. This could see the restaurant chain file for bankruptcy in the coming weeks.

Until then, Red Lobster is trying to preserve cash with the closures of certain stores. The current shutdowns extend to stores across more than 20 states.

Let’s get into those closures below with a list provided by CBS News.

Red Lobster Closures 2024

Alabama

  • 1805 Opelika Highway in Auburn
  • 2027 Beltline Road Southwest in Decatur

California

  • 1345 Dana Drive in Redding
  • 6440 Redwood Drive in Rohnert Park
  • 1400 Howe Avenue in Sacramento
  • 8330 Mira Mesa Boulevard in San Diego
  • 21233 Hawthorne Boulevard in Torrance

Colorado

  • 8268 East Northfield Boulevard in Denver
  • 810 South Wadsworth Boulevard in Lakewood
  • 9067 Westview Road in Lone Tree
  • 4455 Wadsworth Boulevard in Wheat Ridge

Florida

  • 340 West State Road 436 in Altamonte Springs
  • 6910 West Newberry Road in Gainesville
  • 1750 West 49th Street in Hialeah
  • 10500 East Ulmerton Road in Largo
  • 8003 Golden Sky Lane in Orlando

Georgia

  • 1956 West Broad Street in Athens
  • 1050 Holcomb Bridge Road in Roswell
  • 2105 Veterans Boulevard in Dublin

Idaho

  • 2115 Thain Grade in Lewiston

Illinois

  • 391 West Army Trail Road in Bloomingdale
  • 3217 Vermilion Street in Danville

Indiana

  • 1752 North Shadeland Avenue in Indianapolis
  • 3009 Brittany Court in Elkhart

Iowa

  • 3040 Dial Drive in Council Bluffs
  • 941 East San Marnan Drive in Waterloo

Maryland

  • 15700 Shady Grove Road in Gaithersburg
  • 9011 Snowden Square Drive in Columbia
  • 8533 Georgia Avenue in Silver Spring
  • 14368 Baltimore Avenue in Laurel

Michigan

  • 4220 24th Avenue in Fort Gratiot

Mississippi

  • 3897 Promenade Parkway in D’Iberville

New York

  • 4010 Maple Road in Amherst
  • 1 Miron Lane in Kingston
  • 655 West Jefferson Road in Rochester

New Jersey

  • 303 NJ-10 in Ledgewood

North Dakota

  • 2675 32nd Avenue South in Grand Forks

Oklahoma

  • 3112 Northwest Cache Road in Lawton

South Carolina

  • 10000 Highway 17 North, Myrtle Beach

Texas

  • 104 Texas 332 in Lake Jackson
  • 3515 McCann Road in Longview
  • 7835 Interstate 35 South in San Antonio

Virginia

  • 119 Temple Lake Drive in Colonial Heights
  • 2100 Richmond Road in Williamsburg
  • 12580 Jefferson Avenue in Newport News

Washington

  • 3208 Northwest Randall Way in Silverdale

Wisconsin

  • 2801 North Mayfair Road in Wauwatosa
  • 3333 State Road 16 in La Crosse

There are plenty of other stock market stories traders will want to read about below!

We have all of the hottest stock market news for Wednesday! Among that is what’s going on with shares of Nio (NYSE:NIO) stock, a cream cheese recall and more. All of that news is ready at the following links!

More Stock Market News for Wednesday

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2024/05/red-lobster-closures-2024-is-your-favorite-restaurant-closing/.

©2024 InvestorPlace Media, LLC