After Months Of Speculation About Its Future, Red Lobster Has Dropped The Axe On Several Texas Locations.

In a shocking move on Monday, Red Lobster abruptly closed dozens of restaurants across the country after the company announced it was considering filing for bankruptcy last month.

The Tyler, Longview and Lufkin Locations Are Officially Closed.

Customers in East Texas were hit the hardest as 3 locations were immediately closed on Monday.

In November, the company reported that they lost roughly $11 million during the third quarter of 2023 because of its all-you-can-eat shrimp promotion which they made a permanent menu item in June 2023.

At the time, it only cost $20. In November, the company said it would be raising the price to $25 because more people are taking advantage of the promotion than they expected and that customers were spending LESS money on other menu items and drinks.

87 Locations Were Closed In 27 States.

Texas locations that are listed as closed include:

• Dallas (E. Technology Blvd.)
• Dallas (Vantage Point Dr.)
• Houston
• Lake Jackson
• Pasadena

The company also announced that several of the closed locations would be auctioning off its equipment to the highest bidder. TAGeX Brands, which bills itself as a brand that helps businesses deal with closures, remodels, and liquidation of surplus assets, said all auctions are currently live and will end “periodically” on May 16.

Equipment from the Longview location is on the list to be auctioned off. According to the auction site, all contents available in location Equipment, Furniture, and more are up for bid.