Popular Restaurant Chains That Are Closing Locations And Losing Money

Red Robin, YUUMMM!

The famous Red Robin burger chain was founded in Seattle, Washington, in 1969, with the first franchised restaurant opening just one year later. It’s no wonder the restaurant’s jingle became so wildly known, with 562 U.S. locations and a few in Canada, you’d be hard-pressed not to hear it on the radio or television.

Red Robin, YUUMMM!
Lori Kemp/Contributor/Getty Images
Lori Kemp/Contributor/Getty Images

Red Robin announced that it would be closing ten locations due to underperformance after one awful year — the net income dropped almost 90%. Right now, the company is rejecting the suggestions of investors to close down the company as a whole.