Red Lobster Shuts 56-Year-Old Tallahassee Restaurant as Restructuring Extends After 130 Closures
Updated
Updated · USA TODAY · May 19
Red Lobster Shuts 56-Year-Old Tallahassee Restaurant as Restructuring Extends After 130 Closures
12 articles · Updated · USA TODAY · May 19
May 24 will mark the closure of Red Lobster’s Tallahassee restaurant at 2583 North Monroe St., the chain’s oldest continuously operating location since opening in 1970.
The shutdown is part of Red Lobster’s ongoing restructuring after its May 2024 Chapter 11 filing, which followed a $76 million net loss in 2023, heavy debt, inflation, rent pressure and weaker customer traffic.
That Tallahassee site had survived the chain’s earlier wave of 130 closures — including 17 in Florida — and even held a grand reopening in October 2024 with a revamped menu.
CEO Damola Adamolekun said in February more closures might still be needed to repair the brand; Red Lobster now lists about 460 locations, roughly 20 fewer than in February, even as sales have risen about 10% from a year earlier.
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