Red Lobster is closing its oldest location, which has been in operation for 56 years, as part of a series of restaurant closures amid financial difficulties. The extent of the closures is unclear, with reports ranging from the shutdown of a significant portion of locations to the closure of 48 restaurants and possibly as many as 90% of its restaurants. Red Lobster locations in various areas, including Central Florida, Waikiki, and a major tourist area, are among those affected by the closures.