Greed, Gluttony and the Crackup of Red Lobster

Published On Sep 9, 2024, 5:01 AM

Red Lobster attempted to boost its appeal by introducing an all-you-can-eat shrimp deal, which initially attracted large crowds. However, the chain has been struggling, particularly with a 30% drop in customers since 2019, and has faced criticism for being shunned by younger diners and competing against cheaper rivals. This struggle has been exacerbated by the pandemic and other management issues, leading to concerns about its long-term viability and potential financial repercussions.