In an unfortunate turn of events, it appears that fans of several restaurants that Bloomin' Brands owns in certain locations will have to find somewhere else to dine. Bloomin' Brands said several of its restaurants under different brands will have to be shut down.
According to a report by Penn Live, 43 restaurants in the United States will be affected by the decision of Bloomin' Brands. The locations impacted are under the brands Outback Steakhouse, Bonefish Grill, Carrabba's Italian Grill and Fleming's Prime Steakhouse. However, it is not clear how many locations belong to each of the brand.
All 43 restaurants that will be closed are apparently not performing well enough for Bloomin' Brands. Sales at Outback Steakhouse, Bonefish Grill, Carrabba's Italian Grill and Fleming's Prime Steakhouse dropped year over year in the most recent quarter. It appears that poor sales have affected the overall performance of the locations.
In order to mitigate the impact of the underperforming locations to Bloomin' Brands, the parent company of Outback Steakhouse, Bonefish Grill, Carrabba's Italian Grill and Fleming's Prime Steakhouse decided to close the locations. Bloomin' Brands did not provide any details about the impact of the decision to employees.
Restaurant closures usually lead to layoffs, but companies may choose to transfer the staff of the locations that will be shut down to a different location. Regular staff who might lose their jobs because of the decision may also get some separation package from the company.
Press of Atlantic City reported that Carrabba's Italian Grill at Harbor Square in Atlantic City is one of the locations that Bloomin' Brands decided to close. Bloomin' Brands did not disclose the exact locations of the restaurants that it will shutter.
A few days earlier, Jobs & Hire reported that Restaurant Brands International Inc. wants to acquire Popeyes Louisiana Kitchen Inc.