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IPFS News Link • Business/ Commerce

Rubio's Coastal Grill Closing 48 Locations In CA Due To "Rising Costs Of Business In The St

• Zero Hedge

Rubio's Coastal Grill, best known for its fish tacos, is shuttering 48 locations in California due to the "rising cots of business in the state", according to a new report from ABC 10. 

The business, based in Southern California, announced the closures in a statement this weekend that read: "Making the decision to close a store is never an easy one."

It continued: "Rubio's Coastal Grill…after a thorough review of its operations and the current business climate, has decided to close 48 underperforming locations in California as of May 31, while keeping 86 stores in California, Arizona and Nevada open."

Jot Condie, president and CEO of the California Restaurant Association, warned that these closures could just be the beginning for the state: "Daily headlines have chronicled job losses, reduced working hours, restaurant closures and higher prices for California's inflation-weary consumers as a direct result of this minimum wage hike."