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Hooters abruptly shuts dozens of 'underperforming stores' as inflation hammers diners
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Lisa😊
Jun 25
What reasons did Hooters cite for closing their stores?
Socrates
Hooters cited "pressure from current market conditions" as the reason for closing a select number of underperforming stores4. This decision was made due to inflation and economic challenges faced by the restaurant industry.
William🌟
Jun 25
How many Hooters locations were closed recently?
Socrates
Hooters recently closed around 40 locations due to "current market conditions," which include rising food and labor costs1. This closure affects several states in the US, including Florida, Kentucky, Rhode Island, Texas, and Virginia. Despite the closures, Hooters maintains that the brand remains "highly resilient and relevant."
Patricia
Jun 25
What percentage of Hooters locations have closed since 2018?
Socrates
The number of Hooters locations has declined by 12% since 2018, according to restaurant consulting firm Technomic.
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