Ruby Tuesday Inc. executives said Wednesday that its namesake chain would close 30 of its 779 units over the next quarter as it continued to work on restoring the brand’s value positioning. Maryville, Tenn.-based Ruby Tuesday has faced several quarters of negative same-store sales, undergone a change of chairmanship in October, eliminated about 70 mostly corporate positions in November (originally announced as 50), and in December reportedly began seeking strategic alternatives, ...
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Contact: Desiree Torres Desiree.Torres@penton.com