Hooters abruptly closed dozens of “underperforming shops” – the most recent chain to shutter eating places as inflation batters US shoppers.
The famed hen wings model, recognized for its skimpy uniforms, cited “strain from present market situations” for its determination to shut an unspecified variety of shops.
“Like many eating places beneath strain from present market situations, Hooters has made the tough determination” to shut choose areas, a spokesperson advised The Submit on Monday.
The famed hen wings model, recognized for its skimpy uniforms, cited “strain from present market situations” for its determination to shut an unspecified variety of shops. Getty Photos
Roughly 40 of the 300 eating places worldwide have been shut, together with in Florida, Kentucky, Rhode Island, Texas and Virginia, based on Nation’s Restaurant Information.
The variety of Hooters areas has declined by 12% since 2018, based on restaurant consulting agency Technomic. In the meantime, rivals Twin Peaks and Dave & Busters have all seen will increase since then, CNN reported.
The Hooters rep maintained that the “model of 41 years” remains to be “extremely resilient and related.”
The corporate has been opening new areas each within the US and internationally, in addition to including Hooters-branded frozen meals to grocery shops.
“We look ahead to persevering with to serve our friends at dwelling, on the go and at our eating places right here within the US and across the globe,” the spokesperson advised the Submit.
Roughly 40 of the 300 eating places worldwide have been shut, together with in Florida, Kentucky, Rhode Island, Texas and Virginia, based on Nation’s Restaurant Information. SOPA Photos/LightRocket through Getty Photos
Hooters’ closures come as different common chains shut their doorways.
Seafood chain Pink Lobster shuttered 93 areas final month earlier than submitting for chapter, whereas Applebee’s, TGI Fridays, Boston Market and California Pizza Kitchen additionally lately closed eating places.
Cracker Barrel’s CEO lately admitted the chain is “simply not as related” because it was as its inventory has been in freefall.
Total, restaurant spending has slowed amid excessive eating prices, falling in 4 of the previous six months, based on Census knowledge as reported by NBC.
Hooters’ closures come as different common chains like Applebee’s and TGI Fridays shut their doorways. Getty Photos
Gross sales totaled $93.6 billion in Might, the lowest month-to-month gross sales quantity since October 2023, based on the Nation’s Restaurant Affiliation.
In the meantime, 41% of shoppers stated they plan to spend much less on eating places this yr, based on a survey from advisor group KPMG. That’s a stark distinction from final yr, when shoppers stated they deliberate to spend extra on eating places.