Popular Restaurant Chain Suddenly Closes One Location In South Carolina

By Sarah Tate

May 14, 2024

Photo: ilbusca/E+/Getty Images

A popular restaurant chain known for its casual dining and seafood-focused menu abruptly closed more than 50 locations around the country, including one right here in South Carolina.

Red Lobster suddenly closed one of its establishments in the Palmetto State without notice amid its efforts to fight off bankruptcy. The company has reportedly struggled financially thanks in part to its popular Ultimate Endless Shrimp deal. The all-you-can-eat shrimp promotion was previously a limited-time special but the company recently made it available all the time for $20, a move that reportedly led to a loss of $12.5 million.

The select Red Lobster establishment that has closed in South Carolina is its Myrtle Beach location.

Closures span over 20 states as the chain continues its "footprint rationalization," per ABC News. It is unclear at this time whether any other Red Lobster locations will close their doors.

TAGeX Brands, a liquidation company, is also auctioning off items like kitchen equipment, table and chairs from the shuttered restaurants, with auctions being held in several states in what the company called "the largest restaurant equipment auction ever." The sales follow a "winner takes all" approach, which mean one winner will receive the entirety of contents from one location. More information can be found at TAGeX Brand's website.

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