The Tennessee-based Ruby Tuesday restaurant chain says it will close 95 of its underperforming locations by the end of the year in a move to help cut losses.
The locations to be shut down have not yet been identified. Coffee County has one Ruby Tuesday establishment, located in Tullahoma.
Ruby Tuesday is based in Maryville, TN.
The company said that employees displaced from the closed properties would be offered positions in nearby locations, when possible.
Ruby Tuesday said it had a total of 724 locations as of May 31.
Total revenue dropped 5.9 percent during the company’s fourth quarter, to $279.3 million.
Ruby Tuesday chain to Close 95 locations
