Popular Restaurant Chain Closing One Location In Arizona
By Sarah Tate
August 27, 2024
Months after abruptly closing more than 50 locations around the U.S., popular seafood restaurant chain Red Lobster is closing nearly two dozen additional restaurants around the country, including one right here in Arizona.
Red Lobster recently announced it will close an additional 23 of its restaurants across 15 states at the end of the month amid bankruptcy proceedings. Among the list is one location in Arizona, with other locations set to close in Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Minnesota, Missouri, New York, North Carolina, Ohio, South Carolina and Virginia.
According to Fast Company, the Arizona Red Lobster location set to close by August 31 is located at 1521 S. Yuma Palms Parkway in Yuma.
In May, it was reported that Red Lobster has struggled financially in part to its popular Ultimate Endless Shrimp deal, an all-you-can-eat shrimp promotion that was once a limited-time special that the company made available all the time for $20, a move that reportedly led to a loss of $12.5 million.
Dozens of locations were suddenly shuttered in an effort to fight off bankruptcy and much of its kitchen equipment, tables and chairs were actioned off by liquidation company TAGeX Brands as part of "the largest restaurant equipment auction ever."