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RESTAURANTS

Red Lobster restaurants closing locations permanently nationwide? Auction suggests yes

Indianapolis Star

locations across the country are popping up with closed signs.

A look at the restaurant chain's website reveals 87 stores temporarily closed across 27 states. But some of them have their equipment up for auction.

recently posted an online auction labeled "," featuring restaurant equipment from closed Red Lobster locations. The 48 locations listed match temporary closures on the company's website.

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Here's what you need to know:

Need a break?

Is Red Lobster closing restaurants permanently near me?

There are currently 87 Red Lobster restaurants listed as temporarily closed on the company's website, but 48 of those restaurants have kitchen equipment up for auction. The online auction ends at 9:30 a.m. Thursday, May 16.

This sign was in the door Monday (May 13, 2024) at the Red Lobster at 10010 U.S. 441 in Leesburg.

Why did Red Lobster close? 'Ultimate Endless Shrimp'

That's right. 'Ultimate Endless Shrimp.'

said the seafood restaurant chain considered a Chapter 11 bankruptcy fiing last month in an attempt to restructure debt. Cash flows had reportedly been weighed down by mutliple issues, including labor costs and leases.

According to , an effort to drive traffic into the restaurants came about in 2023 − the "" deal.

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The limited-time promotional deal offering two options of nonstop shrimp started at $20 per person and popularity exploded beyond expectations. In fact, the deal accidentally became a major contributing factor toward a third-quarter loss of $11 million and is now priced at $25.

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Red Lobster was headed toward a $20 million loss for 2023, according to comments made by parent company CFO Ludovic Regis Henri Garnier in a November earnings report call.

"We knew the price was cheap," the magazine says Garnier told investors. "We wanted to boost our traffic, and it didn't work."

The restaurant still wants to keep 'Ultimate Endless Shrimp' on the menu.

"And of course we need to be much more careful regarding what are the entry points and what is the price point we are offering for this promotion," Garnier said.

Is Red Lobster closing any Indiana locations?

Yes. Red Lobster has two locations listed as closed on the website. Both stores are also involved in the kitchen equipment auction which ends in less than two days.

Illinois mayor hits Facebook after 2 statewide Red Lobster locations close

An shared the experience of the local store that was shuttered after 31 years of service to the community. was clearly upset by the closing and offered support to the staff affected.

Which Red Lobster locations are closing in Illinois?

Red Lobster kitchen equipment auction online via TAGeX Brands

TAGeX Brands is hosting "The Largest Restaurant Equipment Auction Ever" featuring Red Lobster restaurant kitchen equipment. For a complete list of the 48 stores involved in the auctions, visit .

The auctions end at 9:30 a.m. Thursday, May 16. Pick-up is from 9 a.m. to 3 p.m. local time Friday, May 17.

Winning bidders are responsible for the appropriate removal and loading of their items. No one on site can assist with disconnecting, removing or loading items.

2024 Red Lobster closings list: restaurant closures near me

Each of these restaurants are currently listed as temporarily closed on the website:

Alabama

Arizona

California

Colorado

Florida

Georgia

Idaho

Illinois

Indiana

Iowa

Kansas

Louisiana

Maryland

Mississippi

Missouri

New Jersey

New York

North Carolina

North Dakota

Oklahoma

Pennsylvania

South Carolina

Tennessee

Texas

Virginia

Washington

Wisconsin

Chris Sims is a digital content producer at Midwest Connect Gannett. Follow him on Twitter:.