The pandemic has accelerated sales declines at many casual chains that were struggling even before dining rooms closed. Ruby Tuesday's sales, which were once over $1 billion, have been on the decline for several years, decreasing by over 11% in 2019 to an estimated $731 million. Ruby Tuesday instructed Regions Bank to stop paying pensions to at least 112 retirees. Ruby Tuesday has been struggling for many years. As of August, Ruby Tuesday has closed 150 restaurants, and failed to notify some employees ahead of the closures.
See "Ruby Tuesday Stops Making Pension Payments to Employees", Julie Littman , Restaurant Dive, October 2, 2020