Red Lobster GOING BANKRUPT SUDDENLY COLLAPSES Closing Over 100 Restaurants In Biden Economy!

[Pappy]

Red Lobster GOING BANKRUPT SUDDENLY COLLAPSES Closing Over 100 Restaurants In Biden Economy!

 

 

The only Pennsylvania Red Lobsters closing so far is Erie. We will have to watch for more closings. Thank you Joe Biden and your Bidenomics.

[Pappy]

Here is a website with a list of the closings. This is just a partial list we will see what will happen in Biden's economy.

https://www.fastcompany.com/91118176/want-a-job-in-ai-start-at-your-local-community-college

 

https://www.usatoday.com/story/money/food/2024/05/14/red-lobster-closed-restaurant-locations-list/73683118007/

[fedup]

A month or so ago, I brought up the fact that there is a rash of businesses in trouble. I was wondering if it was poor management. No doubt Braindead is not helping but I believe that management is killing their own companies.

 

[Mahatma Kane Jeeves]

They are in this mess because of their Endless Shrimp promotion. They didn't charge enough to even cover their costs and as as a result, they lost millions. This is the result of a very poor business decision.

[Polo]

This is sad to hear.  I always enjoy eating there.

[Ignatius]

Red Lobster is in the current mess due to several corporate ownership changes through the past decade.  The recent shrimp promotion was an attempt to garner foot traffic and other more lucrative sales, but only exacerbated their already dire situation.

[blueskylady]

They’ve been in trouble for a very long time

[fedup]

3 hours ago, Ignatius said:

Red Lobster is in the current mess due to several corporate ownership changes through the past decade.  The recent shrimp promotion was an attempt to garner foot traffic and other more lucrative sales, but only exacerbated their already dire situation.

It takes a good business manager to recognize a bad one.🍻