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Hooters abruptly shuts dozens of ‘underperforming stores’ as inflation hammers diners

Hooters has suddenly closed dozens of “underperforming locations,” becoming the latest chain to shutter restaurants as inflation takes a toll on American consumers.

The popular chicken wing brand, known for its skimpy uniforms, cited “pressures from the current market environment” as the reason for its decision to close an unspecified number of stores.

“Like many restaurants feeling pressured by current market conditions, Hooters has made the difficult decision to close some locations,” a spokesperson told The Washington Post on Monday.

The popular chicken wing brand, known for its skimpy uniforms, cited “pressures from the current market environment” as the reason for its decision to close an unspecified number of stores. Getty Images

About 40 of the 300 restaurants around the world have closed, including in Florida, Kentucky, Rhode Island, Texas and Virginia, according to Nation’s Restaurant News.

According to restaurant consulting firm Technomic, the number of Hooters locations has fallen by 12% since 2018, while competitors Twin Peaks and Dave & Buster’s have seen their locations increase since then, CNN reported.

A Hooters rep insisted that the “41-year-old brand” remains “highly resilient and relevant.”

The company is opening new stores in the U.S. and abroad and adding Hooters-branded frozen meals to grocery stores.

“We look forward to continuing to serve our customers at home, on the go and in our restaurants across the U.S. and around the world,” a spokesperson told The Post.

About 40 of the 300 restaurants around the world have closed, including in Florida, Kentucky, Rhode Island, Texas and Virginia, according to Nation’s Restaurant News. SOPA Images/LightRocket via Getty Images

Hooters’ closures coincide with those of other popular chains.

Seafood chain Red Lobster closed 93 locations last month and subsequently filed for bankruptcy, while Applebee’s, TGI Fridays, Boston Market and California Pizza Kitchen have also recently closed restaurants.

Cracker Barrel’s CEO recently acknowledged that the chain is “not as relevant as it used to be” because of its plummeting stock price.

Overall, restaurant spending has slowed due to rising dining out costs. It has fallen in four of the last six months.That’s according to census data reported by NBC.

Hooters’ closures coincide with the closures of other popular chains such as Applebee’s and TGI Fridays. Getty Images

Sales in May were $93.6 billion. Lowest monthly sales since October 2023According to the National Restaurant Association.

Meanwhile, 41% of consumers said they plan to spend less at restaurants this year. Survey by consultancy group KPMGThis is in stark contrast to last year, when consumers said they planned to increase their spending at restaurants.

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