Red Lobster Announces Restaurant Closures for 2026
In 2026, Red Lobster is continuing to reduce its restaurant footprint as part of ongoing efforts following its Chapter 11 bankruptcy filing in May 2024. The seafood chain has closed over a dozen locations across the U.S., including historically significant ones like its oldest continuously operating location in Tallahassee and its Times Square outlet, which had been open for 23 years. The closures are part of broader restructuring efforts that have reduced Red Lobster's total number of restaurants from more than 700 to around 540. The company has also recently revived the 'Ultimate Endless Shrimp' promotion after a successful test in April, despite its role in contributing to an estimated $19 million loss earlier. Employees affected by these closures have been offered transfers and additional compensation where possible.
Topics: bankruptcy recovery brand strategy restaurant closures