Reports indicate that Hooters, the sports bar chain headquartered in Atlanta, has recently closed down numerous restaurants that were deemed to be underperforming. This move comes as Hooters joins the ranks of many other eateries that are grappling with the challenges posed by inflation and shifting consumer preferences.
According to a report from Nation's Restaurant News (NRN), news started circulating on Sunday evening about the sudden closure of Hooters locations in Bryan, Texas; Lakeland, Florida; and Louisville, Kentucky. Nearly 40 restaurants across the United States have reportedly shut down.
"Due to current market conditions, Hooters has made the tough choice to close a few of its underperforming stores," the company stated on Monday, according to reports. "In these exceptional cases, our utmost concern is the welfare of our employees."
Hooters has yet to respond to FOX Business' inquiry regarding the reported closings. The company has not provided any details regarding the number of stores that were closed or the reasons behind these closures.
According to data from restaurant consulting firm Technomic, Hooters has experienced a 12% decrease in the number of restaurants from 2018 to 2023. The year started with 333 restaurants and ended with 293, as reported by the publication. In spite of the decline in the number of establishments, Hooters remains hopeful about the future of their restaurant, known for its servers dressed in revealing attire, who serve a variety of items including chicken wings and beer.
"The restaurant informed NRN that with the opening of new Hooters restaurants both domestically and internationally, the launch of new Hooters frozen products at grocery stores, and the expansion of the Hooters footprint into new markets through company and franchise locations, this 41-year-old brand continues to demonstrate its resilience and relevance." "We are excited to maintain our commitment to providing excellent service to our customers, whether they are enjoying our offerings in the comfort of their own homes, on the move, or dining at our restaurants both domestically and internationally."
The Atlanta-based company is among a number of dining chains grappling with challenging circumstances as inflation tightens its grip on the U.S. economy, prompting consumers to alter their spending patterns. Last month, Red Lobster made the surprising announcement that it would be selling over 50 of its locations nationwide. Unfortunately, shortly after this announcement, the company also filed for bankruptcy. In January, TGI Fridays made the decision to close down several of its underperforming restaurants across the country.
According to a report from Nation's Restaurant News (NRN), news started circulating on Sunday evening about the sudden closure of Hooters locations in Bryan, Texas; Lakeland, Florida; and Louisville, Kentucky. Nearly 40 restaurants across the United States have reportedly shut down.
"Due to current market conditions, Hooters has made the tough choice to close a few of its underperforming stores," the company stated on Monday, according to reports. "In these exceptional cases, our utmost concern is the welfare of our employees."
Hooters has yet to respond to FOX Business' inquiry regarding the reported closings. The company has not provided any details regarding the number of stores that were closed or the reasons behind these closures.
According to data from restaurant consulting firm Technomic, Hooters has experienced a 12% decrease in the number of restaurants from 2018 to 2023. The year started with 333 restaurants and ended with 293, as reported by the publication. In spite of the decline in the number of establishments, Hooters remains hopeful about the future of their restaurant, known for its servers dressed in revealing attire, who serve a variety of items including chicken wings and beer.
"The restaurant informed NRN that with the opening of new Hooters restaurants both domestically and internationally, the launch of new Hooters frozen products at grocery stores, and the expansion of the Hooters footprint into new markets through company and franchise locations, this 41-year-old brand continues to demonstrate its resilience and relevance." "We are excited to maintain our commitment to providing excellent service to our customers, whether they are enjoying our offerings in the comfort of their own homes, on the move, or dining at our restaurants both domestically and internationally."
The Atlanta-based company is among a number of dining chains grappling with challenging circumstances as inflation tightens its grip on the U.S. economy, prompting consumers to alter their spending patterns. Last month, Red Lobster made the surprising announcement that it would be selling over 50 of its locations nationwide. Unfortunately, shortly after this announcement, the company also filed for bankruptcy. In January, TGI Fridays made the decision to close down several of its underperforming restaurants across the country.
