Red Lobster closings: These are the locations it wants to shut down | CNN Business (2024)

New York CNN

Red Lobster wants to close several dozen more restaurants following its bankruptcy, and it has identified which ones are in danger of shutting down if the court approves its plan.

The chain, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, filed for bankruptcy last month.

Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand. It plans to sell its business to its lenders, and in turn, it will receive financing to stay afloat. Part of its plan is to close some locations of its nearly 600 restaurants in the meantime.

A few weeks prior to its bankruptcy, it abruptly closed around 50 locations across the United States. The new list of locations in danger of closing was revealed in court filings last week, and all could be shuttered if they can’t renegotiate their leases.

The list below, which also includes its iconic Times Square location, contains some restaurants that have already closed in May.

Alabama

- 2620 McFarland Blvd. E, Tuscaloosa

Arizona

- 2500 S. Beulah Blvd., Flagstaff

- 7921 W. Bell Rd., Peoria

- 2810 North 75th Ave., Phoenix

- 5061 North Oracle Road, Tucson

- 1521 S. Yuma Palms Parkway, Yuma

Arkansas

- 3885 N Shiloh Drive, Fayetteville

- 7401 Rogers Ave., Fort Smith

- 4500 Central Avenue, Hot Springs

- 8407 W. Markham Street, Little Rock

California

- 6231 Sunrise Blvd, Citrus Heights

- 503 E. Calaveras Blvd., Milpitas

- 928 W. Huntington Ave., Monrovia

- 4095 Century Blvd, Pittsburg

- 1720 N Main Street, Salinas

- 195 E. Hospitality Lane, San Bernardino

- 2040 Aborn Road, San Jose

- 2283 W. March Lane, Stockton

- 1180 Admiral Callaghan Lane, Vallejo

Colorado

- 4925 N Academy Blvd, Colorado Springs

- 3301 S. College Ave., Fort Collins

- 2885 23rd Ave, Greeley

- 3306 N Elizabeth Street, Pueblo

Connecticut

- 320 Universal Drive North, North Haven

Delaware

- 309 Rocky Run Parkway, Talleyville

Florida

- 340 West SR 436, Altamonte Springs

- 2475 Highway 27 South, Clermont

- 26320 U.S. 19th North, Clearwater

- 2000 University Dr., Coral Springs

- 5950 N Federal Hwy, Fort Lauderdale

- 3801 Cleveland Ave, Fort Myers

- 326 Miracle Strip Pkwy S.W., Fort Walton Beach

- 5690 Irlo Bronson Memorial Hwy, Kissimmee

- 6638 Lake Worth Road, Lake Worth

- 3706 North Road 98, Lakeland

- 10010 US Highway 441, Leesburg

- 2355 W. New Haven Ave., Melbourne

- 215 E Merritt Island Causeway, Merritt Island

- 11550 SW 88th St., Miami

- 13300 Biscayne Blvd., North Miami

- 32 Blanding Blvd., Orange Park

- 617 N. Alafaya Trail, Orlando

- 9892 International Drive, Orlando

- 8003 Golden Sky Lane, Orlando

- 5110 N 9th Ave., Pensacola

- 8909 US Highway 19, Port Richey

- 2328 Commercial Way, Spring Hill

- 6151 34th Street North, St. Petersburg

- 11601 N. Dale Mabry, Tampa

- 3830 Wedgewood Lane, The Villages

- 2201 Palm Beach Lakes Blvd., West Palm Beach

Georgia

- 2679 Adams Farm Dr., Columbus

- 6550 Tara Blvd, Jonesboro

- 700 Shorter Ave., Rome

- 2579 Cobb Parkway, Smyrna

Illinois

- 1604 N. State Road, Route 50, Bourbonnais

- 1901 N. Prospect Ave., Champaign

Indiana

- 1900 S. US 31 By-Pass, Kokomo

- 4353 Franklin Street, Michigan City

- 5400 National Road East, Richmond

Iowa

- 1100 Buckeye Ave., Ames

Kansas

- 9475 Metcalf Avenue, Overland Park

- 1915 S Wanamaker Road, Topeka

Kentucky

- 4639 Outer Loop, Louisville

- 5151 Hinkleville Road, Paducah

Maryland

- 2314 N Salisbury Blvd, Salisbury

Michigan

- 4109 Wilder Road, Bay City

- 3920 28th St., SE Kentwood

- 479 Telegraph Road, Waterford

Minnesota

- 1951 American Blvd. West, Bloomington

- 8900 Golden Valley Road, Golden Valley

Mississippi

- 895 Barnes Crossing Road, Tupelo

Missouri

- 12235 Saint Charles Rock Rd, Bridgeton

- 3885 N Shiloh Drive, Fayetteville

- 4328 Noland Rd, Independence

- 3131 Range Line Rd., Joplin

New Jersey

- 3003 Route 130 South, Delran

- 4411 Black Horse Pike, Mays Landing

- 211 Route 17 S, Paramus

New York

- 2090 Bartow Ave., Bronx

- 801 Sunrise Highway, Copiague

- 295 E Fairmount Avenue, Lakewood

- 5 Times Square, Manhattan

- 750 Upper Glen Street, Queensbury

- 2220 Nesconset Highway, Stony Brook

North Carolina

- 1805 Walnut Street, Cary

- 304 A Western Blvd., Jacksonville

Ohio

- 6500 Miller Lane, Dayton

- 2340 Tiffin Ave., Findlay

- 1422 Reynolds Road, Maumee

- 255 Graff Road, S.E., New Philadelphia

- 7607 Day Drive, Parma

- 17227 Southpark Center, Strongsville

- 4990 Monroe St., Toledo

Pennsylvania

- 935 Wayne Ave, Chambersburg

- 425 W. DeKalb Pike, King of Prussia

- 4766 McKnight Rd., Pittsburgh

South Carolina

- 1270 Knox Abbott Drive, Cayce

- 2080 Sam Rittenburg Blvd, Charleston

Tennessee

- 2131 Northgate Mall Dr, Chattanooga

Texas

- 3815 S. Lamar Blvd., Austin

- 109 W. Anderson Lane, Austin

- 5825 South Padre Island Drive, Corpus Christi

- 603 N. Cockrell Hill Road, Duncanville

- 3056 Preston Road, Frisco

- 2760 S. Highway 6, Houston

- 5034 50th Street, Lubbock

- 7800 Bedford-euless Road, North Richland Hills

- 5815 N. Loop 1604 West, San Antonio

- 1381 S.W. Loop 410, San Antonio

- 17415 US 281 North, San Antonio

- 100 Ih 35 North, San Marcos

- 18446 Interstate 45 South, Shenandoah

- 3002 Saint Michael Drive, Texarkana

- 4401 Kemp Blvd., Wichita Falls

Virginia

- 555 S. Van Dorn Street, Alexandria

- 4115 Chesapeake Square Blvd, Chesapeake

- 10325 Fairfax Blvd., Fairfax

- 3109 Spotsylvania Mall Drive, Fredericksburg

- 5400 National Road East, Richmond

- 8009 West Broad Street, Richmond

- 709 Independence Blvd., Virginia Beach

- 821 Lynnhaven Pkwy, Virginia Beach

Washington

- 4231 196th SW, Lynwood

- 3208 NW Randall Way, Silverdale

West Virginia

- 3705 Murdock Ave., Parkersburg

Red Lobster closings: These are the locations it wants to shut down | CNN Business (2024)

FAQs

Is Red Lobster going out of business in 2024? ›

"Bankruptcy is a word that is often misunderstood," Red Lobster's communications team said in the statement posted to social media. "Filing for bankruptcy does not mean we are going out of business. In fact, it means just the opposite.

Why is Red Lobster downsizing? ›

CEO Thiraphong Chansiri said the pandemic, higher interest rates, rising material and labor costs have all played a role in Red Lobster's poor financial performance.

Which red lobsters are closing in California? ›

Newly announced Red Lobster locations closing

California: La Mesa (8703 Murray Drive) Colorado: Colorado Springs (4925 N. Academy Boulevard) Florida: Fort Walton Beach (326 Miracle Strip Parkway S.W.), Pensacola (5110 N. 9th Avenue), and Port Richey (8909 US Highway 19)

Which red lobsters in Ohio are closing? ›

What Red Lobster is closing in Ohio? According to USA TODAY, the Red Lobster location in Strongsville, a suburb of Cleveland, will close by Aug. 31.

Why are Red Lobster locations closing? ›

Mismanagement, competition, inflation and other factors brought down Red Lobster, which has been a pioneer in the restaurant industry. Thai Union, a global seafood supplier, became Red Lobster's leading shareholder in 2020 and filed for bankruptcy four years later in May.

What doomed Red Lobster? ›

The Endless Shrimp promotion, which allowed people to eat unlimited shrimp for $20, was simply "too popular, and Red Lobster was unprepared for its customers' insatiable lust for discounted shellfish," said CNN. As a result, the company lost millions.

Is Red Lobster in trouble financially? ›

Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy. The company said it had more than $1 billion in debt and less than $30 million in cash on hand.

Has Red Lobster gone bust? ›

Red Lobster said Sunday its restaurants will remain operational through the Chapter 11 bankruptcy process while closing some locations, which CEO Jonathan Tibus called “the best path forward” as the company reportedly hopes to use the bankruptcy process to reduce its debt load and get out of some pricey leases.

What are red lobsters' problems? ›

A cash shortage, traffic declines and pressure from equity sponsor Thai Union to become its sole shrimp supplier led to high costs, compounding losses induced by the Ultimate Endless Shrimp promo.

What company owns Red Lobster now? ›

In 2014, Darden sold off Red Lobster to Golden Gate Capital, a private equity firm, for $2.1 billion. Since 2020, seafood distributor Thai Union Group, based in Thailand, has been the largest Red Lobster shareholder. Thai Union owns 49% of the company.

Are Red Lobster tails frozen? ›

See Photo's below If you are looking for fresh seafood when you pass Red Lobster... Everything they serve is frozen .. From the fish to the shrimp to the High $$$$$ Lobster Tails .. See Photo's below If you are looking for fresh seafood when you pass Red Lobster ..

Why are Olive Gardens next to Red Lobster? ›

On May 12, 2014, Darden announced that as part of the spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations.

Are red lobsters biscuits frozen? ›

From our kitchen to yours, our legendary Cheddar Bay Biscuits® are ready to enjoy from the oven in under 30 minutes.

Who is Red Lobsters competition? ›

Red Lobster's competitors and similar companies include Graysons, Oretta, Vitality Bowls and Skinny Pancake. Red Lobster is the seafood restaurant company. Graysons is a contract caterer and restaurant operator. Oretta is a restaurant chain operator.

Where is the original Red Lobster? ›

Is Red Lobster abruptly closing at least 48 struggling locations? ›

By Nathaniel Meyersohn | CNN

Struggling Red Lobster is abruptly closing at least 48 of its restaurants around the country, according to a leading restaurant liquidator. TAGeX Brands is conducting an online auction of Red Lobster kitchen equipment, furniture and other contents at restaurants closing.

How is Red Lobster doing as a company? ›

Red Lobster declared Chapter 11 bankruptcy and they are planning to restructure as a company. Red Lobster is not closing all of its restaurants but they have closed several dozen, and they have about 600 total. They are seeking bankruptcy protection basically to deal with nearly $300 billion in debt to their creditors.

Why is lobster being taken off the menu? ›

Some retailers are taking lobster off the menu after an assessment from an influential conservation group that the harvest of the seafood poses too much of a risk to rare whales and should be avoided.

Did Red Lobster get sold? ›

Red Lobster later became part of Darden Restaurants, the owner of Olive Garden and other chains. In 2014, Darden sold off Red Lobster to Golden Gate Capital, a private equity firm, for $2.1 billion.

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