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Red Robin May Close Dozens Of Struggling Restaurants: Here's What We Know Red Robin May Close Dozens Of Struggling Restaurants: Here's What We Know
Red Robin May Close Dozens Of Struggling Restaurants: Here's What We Know Red Robin may soon serve its last burgers and orders of bottomless steak fries at dozens of locations nationwide. Red Robin is considering closing up to 70 underperforming restaurants, the chain revealed in its latest earnings report. The announcement came after Red Robin posted a $77.5 million net loss in 2024. One restaurant already closed during the fourth quarter, the Colorado-based company said. "While financial results for 2024 fell well below our original expectations, we've made substantial improvements to the guest experience and believe we still have a significant …

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by Chris Spiker
Business
Advance Auto Parts To Close Over 700 Stores Advance Auto Parts To Close Over 700 Stores
Advance Auto Parts To Close Over 700 Stores A nationwide auto parts retailers says it will close over 700 stores as part of “a strategic plan to improve business performance.” Advance Auto Parts, which has about 4,800 total stores, and locations in almost every state, made the announcement on Thursday, Nov. 14. The affected outlets will close by May 2025 and are made up of 523 corporate stores, and 204 independently owned locations. In addition, four distribution centers will also close. Specific locations to be closed have not yet been announced. In announcing the move, President and Chief Executive Officer Shane O’Kelly said…

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by Joe Lombardi