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Red Lobster officially files for bankruptcy after being rinsed of cash by all you can eat shrimp deals
UK Daily Mail ^ | May 20 2024 | ISABELLE STANLEY and ALICE WRIGHT FOR DAILYMAIL.COM and AP

Posted on 05/20/2024 7:07:11 AM PDT by knighthawk

Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering nearly 100 restaurants across America.

The seafood chain, which has closed restaurants in 27 states, 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.

Demand for one such recent promotion overwhelmed restaurants, reportedly contributing to hundreds of millions in losses.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: News/Current Events
KEYWORDS: bankruptcy; redlobster
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To: Allegra

I don’t understand OG’s popularity. There are real Italian restaurants everywhere that have way better food................


61 posted on 05/20/2024 8:31:52 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: AbolishCSEU

Yes Boo Boo its them


62 posted on 05/20/2024 8:34:38 AM PDT by al baby (I know sarcasm )
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To: ConservativeMind

in butter


63 posted on 05/20/2024 8:35:46 AM PDT by al baby (I know sarcasm )
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To: AbolishCSEU

Restaurants make all their money on drinks. Especially alcoholic drinks. The food is a break even at best.

I worked in a restaurant/bar in the 1980s. It was busy on the weekends. Closed on Mondays. Tuesday was the slowest night.
We decided to do a drink special just on Tuesdays. From 8-10 you paid $2 to get in. All vodka drinks were FREE for the first two hours. Then from 9-10 they went to $1. From 10-11 $2. The back to full price at 11. Which was about $4.50. Remember this was 1982.

It went from our slowest night to our busiest night in a couple weeks. Once the word spread. People could not believe we were doing this. We had to be losing money. No, it was hugely profitable. We bought Popov vodka in 1.75 liter bottles for about $4/bottle. We mostly served it with ice tea. Which we premixed in 5 gallon pails ahead of time.
A drink was poured in a 8 oz plastic cup. We kept track of exactly how much vodka we poured. We had two bartenders. A bouncer and I checked IDs at the door. Drinking age back then was 18 in NYS.

It costs us $.06 to pour each vodka drink including the cup.
They place was so crowded that at most you might get four drinks in the first two hours when drinks were “free” under the $2 cover charge. So, even they first two hours we were making money. Our profits increased as the night went on.
Tuesdays went from the slowest night of the week to the busiest night during that summer.

We got the ideal because there was another bar in Buffalo that did the same thing on Wednesday nights. Except they did it with all mixed drinks. Except, they used GENERIC Booze.
No Tito’s, No high end bourbons or Scotch.
Their alcohol bottles came in cases with white labels that just said VODKA, GIN, RUM, TEQUILA.


64 posted on 05/20/2024 8:42:30 AM PDT by woodbutcher1963
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To: knighthawk

This excuse of Red Lobster blaming everything on an all you can eat deal is getting old. When they buy shrimp by the ton, it is probably $5 a pound. The excuses they are using are to cover up bad management, nothing else.


65 posted on 05/20/2024 8:51:32 AM PDT by caver ( )
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To: Bob434
Probably what I should have done the first time was send it back

You can send food back at a restaurant, but you would be well advised not to eat it after it is brought back to the table.

66 posted on 05/20/2024 9:12:30 AM PDT by HartleyMBaldwin
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To: ConservativeMind

Very carefully.


67 posted on 05/20/2024 9:24:12 AM PDT by BipolarBob (Why aren't eleven and twelve pronounced like one teen and two teen?)
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To: Red Badger

“There’s a reason God forbade the Israelite s from eating crustaceans.................”

Yes, because it was easier than trying to explain proper food handling procedures to mostly illiterate people.

Which is why I won’t eat seafood at restaurants staffed by people who don’t speak English.


68 posted on 05/20/2024 9:24:46 AM PDT by MeganC (Ruzzians aren't people. )
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To: woodbutcher1963

Staying at Embassy Suites they had a Managers Reception where it’s open bar for 1.5 hours. Of course everybody lines up and drinks as fast as they can. I tried their Bourbon and Coke. Nasty nasty stuff. Undrinkable. The bourbon was called Concierge or something like that. I passed.


69 posted on 05/20/2024 9:33:13 AM PDT by BipolarBob (Why aren't eleven and twelve pronounced like one teen and two teen?)
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To: MeganC
Yes, because it was easier than trying to explain proper food handling procedures to mostly illiterate people.

No, that's not the reason. God doesn't want people eating scavenger meat no matter how it's prepared. That excuse is used by those who love their pork and don't care what God says. Our body is considered a temple of God, not to be polluted with scavenger meat.

70 posted on 05/20/2024 9:36:12 AM PDT by BipolarBob (Why aren't eleven and twelve pronounced like one teen and two teen?)
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To: knighthawk

Lobster and seafood is expensive and the price fluctuations aren’t controllable. Their biscuits were really awesome.


71 posted on 05/20/2024 9:38:59 AM PDT by jerod (Nazis were essentially Socialist in Hugo Boss uniforms... Get over it!)
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To: Red Badger

Jesus did away with all the dietary laws in the New Testament. This is why Christians eat pork and Jews who do not believe Jesus was the living breathing son of God hold the old laws. Thank you Jesus because lobster and long crab are delicious same for mudbugs and it’s still mudbug season.


72 posted on 05/20/2024 9:44:47 AM PDT by GenXPolymath
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To: HartleyMBaldwin

True- Never tick off a cook or waitress- sending food back aggravates them no doubt


73 posted on 05/20/2024 9:48:11 AM PDT by Bob434
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To: GenXPolymath

I hope he checked with Dr. Laura first................🙄


74 posted on 05/20/2024 9:48:33 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: adorno

What’s different now from a generation or so ago is the introduction of food stamps then ebt. You didn’t see ghettopottomai waddling in then bellying up to the trough until then.


75 posted on 05/20/2024 9:50:58 AM PDT by printhead (.)
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To: Bob434

Yep. I learned that from one of my sisters who worked as a waitress or bartender all her life. She had some stories of what the cooks especially would do to food that was sent back.


76 posted on 05/20/2024 9:54:18 AM PDT by HartleyMBaldwin
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To: knighthawk

They might just be using this excuse to close their restaurants in ghetto areas attempting to avoid the inevitable attacks of racism.


77 posted on 05/20/2024 9:58:27 AM PDT by right way right (May we remain sober over mere men, for God really is our only true hope. )
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To: jerod
Their biscuits were really awesome.

You can buy the biscuit mix in boxes at Walmart and some other stores. We fix those from time to time; they're pretty good, especially if you put in extra cheese.

I suppose I should buy a few more boxes if Red Lobster's going out of business.

78 posted on 05/20/2024 10:00:59 AM PDT by HartleyMBaldwin
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To: knighthawk

Unless it’s pasta, bread, or salad...all you can eat is a bad idea.

That said, ‘all you can eat’ is a bad idea. Just go to a buffet and look who goes there. You will find the largest people you’ve ever seen.


79 posted on 05/20/2024 10:02:04 AM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: Magnum44

George, the Ocean called. They want their shrimp 🦐 back.


80 posted on 05/20/2024 10:04:04 AM PDT by Hyman Roth
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