Red Lobster Is Considering Bankruptcy Partly Due to $11 Million Loss from Endless Shrimp Deal: Report
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BING NEWS:
- I tried Red Lobster's $30 endless shrimp for the first time. I see why the deal might have contributed to the chain's bankruptcy.
A reporter tried Red Lobster's endless shrimp promotion and thought it was an excellent deal, but could see why it proved disastrous for the chain.
06/5/2024 - 8:44 am | View Link - No, Red Lobster's 'endless shrimp' deal is not the main reason the chain went bankrupt
After Red Lobster filed for bankruptcy protection on May ... wrote that Red Lobster suffered $11 million in losses since the endless shrimp deal became permanent in May 2023. That $11 million loss was ...
05/24/2024 - 6:08 am | View Link - Red Lobster files for bankruptcy: Blame focuses on shrimp deal
In the wake of the pandemic, Red Lobster looked to boost traffic to its restaurants by offering a $20 all-you-can-eat shrimp deal that the company hoped would serve as a loss leader and bring in ...
05/19/2024 - 7:00 pm | View Link - Red Lobster seeks bankruptcy protection days after closing dozens of restaurants
Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn shrimp and “endless” seafood deals, has filed for Chapter 11 bankruptcy protection.
05/19/2024 - 1:00 pm | View Link - Red Lobster begins closing restaurants
BURLINGTON — Red Lobster has reportedly closed dozens ... It made headlines in December when it announced its Endless Shrimp deal was a major reason it reported an $11 million operating loss in the ...
05/15/2024 - 1:00 pm | View Link - More
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