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Red Lobster will not be bringing back one fan-favorite food deal anytime soon.. In early 2024, the family-style seafood chain closed a handful of its restaurants across the country as serious ...
One of the major blunders made by Red Lobster was its $20 endless shrimp promotion. While the deal made quite the splash with customers, the company suffered millions in operating losses.
He also confirmed that the $20 endless shrimp deal has ended permanently. "Relevant, compelling and exciting is what we want Red Lobster to be for the future, and so we’re working on that now ...
Last year’s shrimp debacle wasn’t the first time Red Lobster saw consequences of “endless” promises. In 2003, the company reportedly lost millions of dollars on an all-you-can-eat ...
Originally a $20 once-a-week promotional deal, the company made endless shrimp a permanent menu item, leading patrons to eat more shrimp than the restaurant could afford, staying at their tables ...
Red Lobster. In 2024 the Orlando, Florida-based seafood chain slipped towards bankruptcy closing 93 locations and filing for Chapter 11 bankruptcy protection on May 20, 2024, with over $1 billion in debt.