Darden to Remodel Red Lobster

Darden Restaurants (Orlando, Fla.) plans to move forward on makeovers for its restaurants, renovating 50 locations with a coastal Maine theme this year, according to The Miami Herald.

The company, which operates the Olive Garden, Red Lobster and LongHorn Steakhouse chains, recently posted a 21 percent rise in fiscal fourth-quarter earnings. Combined same-restaurant sales for the three chains fell 1.4 percent with Olive Garden and Red Lobster recording 0.6 percent drops, and LongHorn reporting a 6.5 percent decrease. “In a challenging economic environment where consumers have reduced their dining-out frequency and there was a significant amount of competitive discounting, our brands performed much better than the industry,” says ceo Clarence Otis.

Darden operates 1773 restaurants. Its Bahama Breeze chain, which has 24 restaurants nationwide, recently opened a new location in Wayne, N.J. – the first new Bahama Breeze since 2004.
 

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

Recent Posts

Rue 21 Closing All Stores: Report

Fashion retailer files bankruptcy a third time

1 day ago

2 Rising Canadian Retailers Set Growth Plans

Much of the expansion by Aritzia, Garage will be in the U.S.

2 days ago

REI Co-op to Open 11th Store in Texas

Latest locale to be near Texas A&M in College Station

2 days ago

Register Now for Shop! MasterClass: “Strategic Retail Innovation” with Angela Gearhart

Join Angela Gearhart, Founding Partner at MediaMaxx and Executive Practice Director at AAG Consulting Group,…

2 days ago

Ransomware Attacks on the Upswing

Reported online blackmail surged by 67% last year and is expected to grow exponentially

2 days ago

Oklahoma Jeweler Glenn Lewis Dies at 68

He served as the mayor of Moore for 30 years

2 days ago

This website uses cookies.