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...
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Red Lobster Closes More New York Locations Last month it was reported that another round of closures would affect 23 more Red Lobster restaurants including two New York locations that were previously thought to be safe from closing. The new round of closure was expected to be completed by August...
Red Lobster Closes 80+ Restaurants It appears the future includes closing numerous locations as 80+ Red Lobster locations in 27 states have gone from "open" to "temporarily closed" according to the restaurant's website. The closures come as the company continues to search for a buyer to avoid...
Red Lobster restaurants that were on the first round of closures in New York State were in Kingston, Scarsdale, Poughkeepsie, Nanuet, and Stony Brook. After admitting that they had more than one billion dollars in debt and less than thirty million dollars available, the plan is to close most...
Popular seafood chain Red Lobster is closing over 80 of its U.S. restaurants after ongoing performance woes, according to reports. As the restaurant sector feels the pinch from increasingly budget-conscious diners, the question competitors are asking may be whether Red Lobster’s setbacks arose pri...
Restaurant liquidator TAGeX Brands announced last week that it would be auctioning off the equipment of over 50 Red Lobster locations that were recently closed. The store closures span across more than 20 states. Three restaurants are closing in Georgia, New York, Texas and Virginia, accordin...
Restaurant liquidator TAGeX Brands announced last week that it would be auctioning off the equipment of over 50 Red Lobster locations that were recently closed. The store closures span across more than 20 states. Three restaurants are closing in Georgia, New York, Texas and Virginia, according...
Red Lobster has closed numerous restaurants across New York, could any of these restaurants be successful in its place? Earlier this month Red Lobster announced that they would beclosing 80+ locations across the country, including 10 locations across New Yorkas they attempted to navigate the compan...
While Red Lobster did end up closing some locations, the brand wasn't totally leaving the restaurant scene. Executives vowed to "restructure" and regroup in an attempt to revive customer interest. Getty Images Evenmore Red Lobster closingswere announced in August putting the total shuttered restau...