Popular Restaurant Chains That Are Losing Locations And Money Fast In 2021

Ruby Tuesday Is Looking Forward To The Weekend

Like Friendly’s, Ruby Tuesday is an East Coast chain, but this restaurant has some branches on the Pacific Coast, too. The restaurant was founded in 1972 in Knoxville, Tennessee, and has seen some major dips in revenue over the past few years. Which, unfortunately, has resulted in many of the restaurants closing.

Ruby Tuesday Is Looking Forward To The Weekend
Raymond Boyd/Getty Images
Raymond Boyd/Getty Images

At last count, the chain has around 491 stores around the world. But according to Restaurant Business, that number is due to nearly 50% of the stores closing over the past ten years. They said it was because customers were enjoying the convenience of take-out instead of actually sitting down in a restaurant.