Search found 840 matches

by Bagels
Today, 9:25 am
Forum: Restaurant Chains
Topic: Red Lobster Considering Bankruptcy Filing
Replies: 21
Views: 766

Re: Red Lobster Considering Bankruptcy Filing

Chili's and Fridays have been closing stores for years and just announced a new round of closings. Applebee's continues to close stores and seems destined to become a mostly small market operation, at best. Denny's has had several rounds of closures---I think they benefited, over time, by the decli...
by Bagels
Today, 9:18 am
Forum: Restaurant Chains
Topic: Red Lobster Considering Bankruptcy Filing
Replies: 21
Views: 766

Re: Red Lobster Considering Bankruptcy Filing

ClownLatch brings up some excellent points. I don’t agree chains have a natural flight — many (Denny’s,, Chili’s, Friday’s, etc.) have a managed to stay revelant even as their peers perished. And Texas Roadhouse continues to grow and thrive while Outback does the opposite… even though Texas Roadhou...
by Bagels
April 21st, 2024, 10:38 pm
Forum: Restaurant Chains
Topic: Red Lobster Considering Bankruptcy Filing
Replies: 21
Views: 766

Re: Red Lobster Considering Bankruptcy Filing

ClownLatch brings up some excellent points. I don’t agree chains have a natural flight — many (Denny’s,, Chili’s, Friday’s, etc.) have a managed to stay revelant even as their peers perished. And Texas Roadhouse continues to grow and thrive while Outback does the opposite… even though Texas Roadhous...
by Bagels
April 21st, 2024, 1:57 am
Forum: Non Region-Specific
Topic: 99 CENT ONLY closing
Replies: 72
Views: 2705

Re: 99 CENT ONLY closing

No additional discounts here. The Lake Forest locations were pretty much cleaned out last weekend. Foothilsl Ranch doesn’t even look like it’s going out of business. Still had most produce, all marked 50% off. That is a cursed location. Can't believe they actually bought the building. Why do you th...
by Bagels
April 21st, 2024, 1:39 am
Forum: Restaurant Chains
Topic: Red Lobster Considering Bankruptcy Filing
Replies: 21
Views: 766

Re: Red Lobster Considering Bankruptcy Filing

In fairness, Red Lobster was never that big in SoCal. I’m thinking that it could not compete with plethora of fresh seafood as well as Asian restaurants throughout the area. California Fish Grill is a better product IMO, although it’s not sit down. We sometimes go to the location in Garden Grove. It...
by Bagels
April 20th, 2024, 10:29 pm
Forum: Non Region-Specific
Topic: 99 CENT ONLY closing
Replies: 72
Views: 2705

Re: 99 CENT ONLY closing

No additional discounts here. The Lake Forest locations were pretty much cleaned out last weekend. Foothilsl Ranch doesn’t even look like it’s going out of business. Still had most produce, all marked 50% off.
by Bagels
April 15th, 2024, 5:18 am
Forum: Non Region-Specific
Topic: 99 CENT ONLY closing
Replies: 72
Views: 2705

Re: 99 CENT ONLY closing

So the backrooms are STUFFED FULL in both Reno and Sparks. The stores are closing on or BY April 28 (some employees think they could be closed any second). So I asked what is happening to the stuff in the backroom. I was told they are going to pick it all up and nothing more is going to be stocked....
by Bagels
April 15th, 2024, 5:15 am
Forum: Non Region-Specific
Topic: 99 CENT ONLY closing
Replies: 72
Views: 2705

Re: 99 CENT ONLY closing

Sparks 99 Only was told their last day will be April 28. They had previously been told June 3. There is still a LOT of product in the backroom at this store. They are not making much effort to get it out onto the sales floor. I am wondering if they will just pick it up and sell it in SoCal. It appe...
by Bagels
April 10th, 2024, 9:41 pm
Forum: Non Region-Specific
Topic: 99 CENT ONLY closing
Replies: 72
Views: 2705

Re: 99 CENT ONLY closing

ClownLatch, There's a really good write up in today's LA Times about the fall of 99 Cents Only. * the company's assets are fully leveraged; * losses & cash burn rate are accelerating; * it has desperately sought out a buyer(s) and/ or new investors for quite awhile; * it has looming financial ob...
by Bagels
April 10th, 2024, 1:28 am
Forum: Non Region-Specific
Topic: 99 CENT ONLY closing
Replies: 72
Views: 2705

Re: 99 CENT ONLY closing

ClownLatch, It’s prwtty clear the chain is losing money and had been for quite awhile. I don’t think there’s any real estate left to sell — an article published late last year mentioned that they had sold the Commerce property out of desperation to raise cash, and it was the last remaining asset ava...