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Current Situation of Reebok

By:   •  November 30, 2014  •  Essay  •  549 Words (3 Pages)  •  1,011 Views

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current situation of reebok

Current Situation

Ruby Tuesday is one of the most widely known casual dining restaurants in the United States of America. According to an article on businesswire, "As of September 4, 2012, we owned and operated 712 Ruby Tuesday restaurants and franchised 78 Ruby Tuesday restaurants, comprised of 34 domestic and 44 international restaurants"(), this is a drastic decrease in the number of restaurants that Ruby Tuesday owned and operated in 2011. According to Ruby Tuesday annual reports for the Fiscal year ending in 2011, Ruby Tuesday operated out of 811 locations domestic and international (2011). This decrease in number of locations is the results of Ruby Tuesday's decision to close several restaurants. In 2012, Ruby Tuesday announced plans to close 25 to 27 restaurants by the end of May because they failed to perform up to expectations. The closings will come before the end of May, the Maryville, Tenn.-based company said late Wednesday in reporting financial results for the third quarter ended Feb. 28 Ruby Tuesday, Inc. has Company-owned and/or franchise Ruby Tuesday brand restaurants in 45 states, 12 foreign countries, and Guam. In the United States, the company owned and operated restaurants are concentrated in primarily in the Southeast, Northeast, Mid-Atlantic, and Midwest of the United States, which we consider to be their core markets, Greg states.

Ruby Tuesday is also under new management. According to Ruby Tuesday, Inc. Announces Chief Executive Officer's Intention to Step Down; Commences Search for Successor, an article publish by Ruby Tuesday, "Jun. 6, 2012-- Ruby Tuesday, Inc. (NYSE: RT) announced today that Sandy Beall, its Founder, Chairman of the Board, Chief Executive Officer, and President, has announced his intention to step down from management and the Board" after

completing the company's 40th fiscal year as the company's Chairman of the Board, Chief Executive Officer, and

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