NEW YORK — Ruby Tuesday announced nearly 100 restaurants nationwide will shut its doors in September.
The restaurant chain announced Thursday in a press release that it’s in the “company’s best interest to close approximately 95 underperforming restaurants.”
The company did not specify which locations will be closing, but only that more competition and a drop in the casual dining industry has affected its sales.
“Performance at each of these locations, despite the loyalty of valued guests and the efforts of our dedicated employees, was not meeting expectations,” Ruby Tuesday CEO JJ Buettgen said.
There are currently 724 Ruby Tuesday restaurants, including one in New York City’s Times Square. The closures will make up about 13 percent of the total.
Buettgen said full- and part-time employees affected by the closings will be offered positions at nearby restaurants.
The company said total revenue for 2016 Fiscal Year has gone down for the chain by 3 percent.
Twelve locations and 17 Lime Fresh Mexican Grill restaurants have already closed in the last year.