Hooters has abruptly shuttered 40 locations - as restaurant crisis deepens

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Hooters has abruptly shuttered 40 locations - as restaurant crisis deepens

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Hooters - known for its scantily-clad waitresses - is the latest restaurant chain to abruptly shutters locations. Like other struggling chains such as Red Lobster, Hooters is blaming the rising cost of rent and food. A raft of closures happened over the weekend, while others were in recent weeks. They include locations in Florida, Kentucky, Rhode Island, Texas and Virginia. The company is not thought to be in as dire financial situation as Red Lobster, which has filed for Chapter 11 bankruptcy.
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