Detroit/ Food & Drinks
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Published on March 01, 2024
Outback Steakhouse in Roseville Closes After 29 Years Amid Bloomin' Brands' Nationwide ReductionsSource: Google Street View

After a 29-year tenure, the beloved Outback Steakhouse in Roseville closed its doors on February 23, marking yet another demise in the local restaurant scene. The company's spokesperson affirmed that the closure was a necessary "business decision," not indicative of the management or staff's performance, as reported by ClickonDetroit. Displaced employees have been given the option to transfer or to accept a severance package, showcasing Outback's efforts to ease the transition for its workforce.

The shuttering of the Roseville Outback Steakhouse is part of a widescale reduction by Bloomin' Brands, the parent company, who has set to permanently to close multiple 'underperforming' locations across several of its chains. David Deno, CEO of Bloomin' Brands, cited "sales, shrinking customer traffic, and financial investments that were too costly" as critical factors in the decision-making process, during a call with analysts. This information was highlighted in a piece by the Macomb Daily.

Despite the closures, the company looks forward, planning to open up to 45 new restaurants in 2024. This business strategy expects to compensate for the approximately $100 million in revenue losses incurred by the recent downsizing. This figure was reported by Nation's Restaurants News and shared via the BNNbreaking coverage on the matter. Bloomin' Brands' stock exhibited a more than 6% surge over the past week, indicating investor confidence despite the closures.

Local impact of the closure is notable; situated in a bustling shopping center alongside Walmart and CVS Pharmacy, Roseville City Manager Ryan Monroe expressed hope for another restaurant to quickly fill the void, Macomb Daily notes. The wind-down of operations also strikingly follows another Macomb County closure earlier this year, when the Brio Italian Grille at Partridge Creek Mall ceased operations amid a long adventure of financial troubles.