Popular Caribbean-inspired restaurant chain – Business News
Bahama Breeze abruptly closed 15 areas, or more than one-third of its chain, this week as a sharp decline in shopper sentiment hammers fast-casual eating places.
The standard Caribbean-inspired eating chain shuttered eating places throughout the nation, together with 4 in New Jersey and the only real location on Long Island.
Bahama Breeze abruptly closed 15 areas, or more than one-third of its portfolio, this week. Christopher Sadowski
“We believe this is the right decision because it will allow Bahama Breeze to focus on its highest performing restaurants and strengthen the brand’s overall performance,” proprietor Darden Restaurants informed The Post in a assertion.
Closed areas:
Lake Grove, NY
Paramus, NJ
Toms River, NJ
Wayne, NJ
Woodbridge, NJ
Daytona Beach, FL
Gainesville, FL
Naples, FL
Oakland Park, FL
Sunrise, FL
Schaumburg, IL
Tyngsboro, MA
Troy, MI
Las Vegas, NV
Memphis, TN
The standard Caribbean-inspired eating chain shuttered 4 areas in New Jersey and the only real restaurant on Long Island. Diana Biederman/Naples Daily News / USA TODAY NETWORK
The company is making an attempt to rent as many impacted staff as doable at close by Darden-owned eating places, a spokesperson stated. All different staffers will probably be paid severance, she added.
Bahama Breeze has simply 29 eating places remaining after struggling a gross sales stoop final yr, down 7.7%, in line with information from restaurant analysis firm Technomic.
Several different informal eating chains have turned to restaurant closures to remain afloat as consumers grow more hesitant.
In March, Red Robin introduced it’s contemplating plans to close 70 areas after recording a $32.4 million loss from the “review of underperforming restaurants.”
Bahama Breeze has simply 29 eating places remaining. Instagram/bahamabreezeislandgrille
TGI Fridays closed 12 areas throughout the US in only one month final October, together with three in New York state. The chain additionally shuttered 35 eating places throughout the pond.
And in May, embattled seafood chain Red Lobster abruptly sealed the doorways at 50 eating places nationwide, together with more than a dozen in New York and New Jersey.
Consumer sentiment has solely worsened, plunging in April to its second-lowest studying on document as Americans concern the consequences of President Trump’s commerce struggle, in line with a University of Michigan survey.
The outlook for inflation additionally grew more dire as year-ahead inflation expectations rose to 7.3% from 6.5% final month.
Retail spending slowed in April after clients had rushed to front-load their purchasing in March forward of the tariffs, in line with the Commerce Department.
