Ruby Tuesday to close 95 locations by September

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MARYVILLE, Tenn. — Ruby Tuesday Inc. posted a fiscal second-quarter loss Wednesday and said it plans to close 95 locations and sell one of its restaurant chains.

The company, based in Maryville, Tenn., has struggled for some time with the impact of the tough economy and intense competition on its financial performance.

It said the move is necessary so it can focus on its remaining Ruby Tuesday and Lime Fresh chains.

At the end of the quarter, the company owned or franchised 786 Ruby Tuesday restaurants and 22 Lime Fresh locations.

The restaurants are expected to close by the end of September.

It said the move is necessary so it can focus on its remaining Ruby Tuesday and Lime Fresh chains.

At the end of the quarter, the company owned or franchised 786 Ruby Tuesday restaurants and 22 Lime Fresh locations.

Ruby Tuesday said Wednesday that it will close 13 Marlin & Ray’s restaurants immediately.

It also will close one Wok Hay restaurant and is seeking a buyer for its two licensed Truffles Grill restaurants.

It also plans to close two of its company-owned Lime Fresh restaurants and six to eight company-owned Ruby Tuesday restaurants.

It also will close one Wok Hay restaurant and is seeking a buyer for its two licensed Truffles Grill restaurants. It also plans to close two of its company-owned Lime Fresh restaurants and six to eight company-owned Ruby Tuesday restaurants.

It also plans to close two of its company-owned Lime Fresh restaurants and six to eight company-owned Ruby Tuesday restaurants.

The moves comes shortly after the company appointed JJ Buettgen as President and CEO. The former Darden Restaurants Inc. executive took over Dec. 1 following the departure of the company’s founder and longtime CEO Sandy Beall, who resigned in June.

Ruby Tuesday closed 29 of its company-owned namesake restaurants in the past year.

Monday, Nashville-based Logan’s Roadhouse filed for Chapter 11 bankruptcy protection.

The company said it will be closing 18 under-performing restaurants as part of the overall efforts to improve its financial performance, according to the company statement, but it did not give any details on the locations.

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