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Red Lobster closing list 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, Te...
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 is seeking bankruptcy protection days after closing dozens of restaurants. (AP Photo/Nam Y. Huh) 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 ...
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These days, inflation is still preventing many Americans from dining out, while restaurants are navigating rising food costs. Adamolekun admits some of these increased costs are being passed on to Red Lobster's customers. "Your entire cost structure is gonna move up somewhat, and ...
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It's unclear if Red Lobster plans to shutter any additional restaurants in the near future. The Orlando,Florida-based company did not immediately respond to The Associated Press' requests for comment. On Red Lobster's website, a handful of impacted ...
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...
Interview with Jim Lynde, Senior Vice President, People, Red Lobster Restaurantsdoi:10.1300/J171v02n02_07AdlerHowardTaylor & Francis GroupJournal of Human Resources in Hospitality & Tourism