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© 2020 US WEATHER.COM
ZERO CENTS
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Online Readers: 43
(5 is just watching the pictures)

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Ruby Tuesday, Hit By COVID-19 Closures, Files For Bankruptcy

Ruby Tuesday is submitting for chapter safety, the newest informal restaurant chain to undergo from coronavirus-related closures and altering client habits.

The Maryville, Tennessee-based firm, which was based in 1972, stated on Wednesday that its eating places will stay open all through the chapter course of. Ruby Tuesday has 250 company-owned and franchised eating places within the U.S., Canada and 9 different nations, together with Hong Kong, Chile and Kuwait.

“This announcement does not mean ‘Goodbye, Ruby Tuesday,’” CEO Shawn Lederman stated in an announcement. “Today’s actions will allow us an opportunity to reposition the company for long-term stability as we recover from the unprecedented impact of COVID-19.”

Ruby Tuesday is understood for its salad bar, which may very well be a troublesome promote in a post-pandemic world. But it’s additionally coping with long term modifications out there which have damage different informal chains. Even earlier than the virus hit, sit-down eating places have been struggling as extra shoppers opted for supply and carryout. Restaurants, nonetheless clawing their manner again from the recession a decade in the past, had little money to replace their growing old shops.

Los Angeles-based California Pizza Kitchen filed for chapter safety in July, whereas the mother or father firm of the Chuck E. Cheese pizza and leisure chain filed for chapter in June. Steakhouse chain Sizzler, additionally based mostly in California, declared chapter final month.

NPD Group, an information and consulting agency, stated U.S. visits to full-service eating places plunged 47% within the April-June interval, on the peak of the mandated dining-room closures. Visits have ticked upward since then, however have been nonetheless down 25% in August. Without counter service or drive-thru home windows, sit-own chains like Ruby Tuesday merely haven’t been capable of make up the misplaced quantity from their eating rooms.

Ruby Tuesday didn’t instantly reply when requested by The Associated Press what number of of its eating places are at the moment working and what number of stay closed as a result of pandemic.

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