However, the price for this chain's all-you-can-eat shrimp deal is about to increase. Red Lobster Set To Raise The Price Of Its All You Can Eat Shrimp Deal Believe it or not, Red Lobster's all-you-can-eat shrimp deal was super affordable when compared to some other options on the ...
In June, Red Lobster made its popular "Ultimate Endless Shrimp" promotion, which it had long offered on a limited-time basis a permanent fixture on its menu. The goal: to boost foot traffic to its restaurants between July and December, when sales typically slow. Under the all-you-can-ea...
Red Lobster is going “all you can eat”—with a catch. Getty ImagesRed Lobster’s Endless Shrimp promotion was a big part of the reason the chain reported an $11 million operating loss in the third quarter of last year. Now, as it gears up for Lobsterfest 2...
油管Red Lobster is in trouble. The seafood chain recently known for its endless shrimp special reported $11 million in losses in the third quarter, and its parent company Thai Union Group has announced it will sell its majority stake. WSJ explains what went wrong with the fast casual dining ...
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 more customers who would become regulars. ...
all-you-can-eat seafood promotions has prompted the casual-dining powerhouse to scale back its reliance on the deals, long one of its signature marketing techniques. Acting president Joe Lee told analysts that Red Lobster would use the promotions more sparingly because of the impact on profits. ...
Red Lobster,which filed for bankruptcy in May, has consistently lost money for years. In an attempt to boost traffic at its restaurants, the company last year expanded itsall-you-can-eat shrimp deal. Customers' appetites, however, ate into profits as demand overwhelmed what the chain could af...
Red Lobster, a popular seafood chain, faces bankruptcy woes due to its all-you-can-eat shrimp deal. With 48 closures already, including one in Fort Gratiot, Michigan, the future of the remaining 26 Michigan locations is uncertain amid ongoing asset liqui
Red Lobster, a popular seafood chain, faces bankruptcy woes due to its all-you-can-eat shrimp deal. With 48 closures already, including one in Fort Gratiot, Michigan, the future of the remaining 26 Michigan locations is uncertain amid ongoing asset liqui
Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering dozens of restaurants. The seafood chain has been struggling with rising lease and labor costs in recent years and also promotions like its iconic all-you-can-eat shrimp deal that backfired. ...