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Ruby Tuesday's plans to close 95 restaurants next month, it announced Thursday.

(Gary Dwight Miller)

Another financially struggling business is making cuts.

Casual chain restaurant Ruby Tuesday announced Thursday it's closing 95 of its 724 locations by September.

Ruby Tuesday has about two dozen restaurants in New Jersey. The Tennessee-based company hasn't said said which of its 646 corporate owned locations are going out of business.

Its total revenue dropped 5.9 percent or $17.5 million in the quarter ending May 31 compared to the same period last year and same-restaurant sales declined 3.7 percent. The number of guests in restaurants dipped 4.6 percent as the average bill rose by 0.9 percent.

Full- and part-time employees at closing restaurant will be offered positions at nearby locations where it's possible.

Ruby Tuesday's also plans to revamp its menu and improve the dining environment as part of its Fresh Start initiative.

Earlier this week, Macy's said it would close 100 stores by early next year.

Jeff Goldman may be reached at jeff_goldman@njadvancemedia.com. Follow him on Twitter @JeffSGoldman. Find NJ.com on Facebook.