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Report: Red Lobster preparing to file for bankruptcy
local12.com ^ | Apr 17th 2024 | WKRC Staff

Posted on 04/18/2024 4:45:20 AM PDT by V_TWIN

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To: V_TWIN

Last time I ate at Dead Lobster it wasn’t very good.

Years ago I read that the restaurant chain is worth a lot. Not for the name of it but for all of the property the buildings are on and the chain owns.


21 posted on 04/18/2024 5:35:25 AM PDT by Hillarys Gate Cult (“History doesn’t repeat itself but it often rhymes” - Possibly Mark Twain.)
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To: FamiliarFace

Never frozen.

It is farm raised but NOT in some 3rd world Indonesian country.

And BAP certified.


22 posted on 04/18/2024 5:38:38 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: Red Badger

Not everybody lives in paradise 😁


23 posted on 04/18/2024 5:39:53 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: V_TWIN
Last summer, Red Lobster launched a $20 all-you-can-eat shrimp deal which, although popular with customers, ended up costing the company over $11 million in one quarter.

No biggie, they can just sell more and make it up on volume. /s

24 posted on 04/18/2024 5:41:20 AM PDT by 1Old Pro
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To: V_TWIN
The outlet attributed those losses to less Americans choosing to eat out at restaurants and an increase in food and labor costs. Red Lobster closed 16 locations, per the outlet.

Biden did this... lots of middle class restaurants will struggle under President Sniffer Pervert and his goons.

25 posted on 04/18/2024 5:42:09 AM PDT by GOPJ (Two items Biden finds at 'Ice Cream Shoppes'? A: Ice cream cones and 7 year old girls to look at...)
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To: Hillarys Gate Cult

We’ve frequented the one closest to us twice in about a years time and it was actually pretty good.

The location however is getting sketchy.


26 posted on 04/18/2024 5:42:17 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: V_TWIN

I see it too. Real lowlife stuff.


27 posted on 04/18/2024 5:44:08 AM PDT by Track9 (If you want to know about human nature, read a power tool user manual. )
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To: yldstrk

It’s a good memory of fun with friends - that IS a social life.


28 posted on 04/18/2024 5:45:39 AM PDT by GOPJ (Two items Biden finds at 'Ice Cream Shoppes'? A: Ice cream cones and 7 year old girls to look at...)
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To: GOPJ

You are right. Looking back though, it is funny. We thought it was a huge deal driving up to eat at Red Lobster.


29 posted on 04/18/2024 5:48:45 AM PDT by yldstrk ( )
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To: Hillarys Gate Cult

The property our Red Lobster sits on is prime waterfront on Santa Rosa Sound with a great sunset view.

I wouldn’t be surprised if it was sold to a condo developer. A 12 story (our local limit) condo would have a view of the Gulf also........


30 posted on 04/18/2024 5:49:01 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: GOPJ

“Biden did this”

We give that mush brain WAY too much credit......effing with businesses and capitalism in general all started with that pizza chit obama.


31 posted on 04/18/2024 5:51:18 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: V_TWIN

That’s a good idea. Aldi’s Isa bit of a hike for us, but IS generally a good value.

Gotta ensure it’s sourced and packed IN THIS hemisphere though. Prefer wild caught.


32 posted on 04/18/2024 5:51:57 AM PDT by Blueflag
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To: V_TWIN

Good riddance. It’s not what it used to be.


33 posted on 04/18/2024 5:53:22 AM PDT by ArcadeQuarters (You can't remove RINOs by voting for them!)
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To: hinckley buzzard

Best source here for that is Costco. 45 min away.


34 posted on 04/18/2024 5:54:00 AM PDT by Blueflag
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To: Carriage Hill
The only rationale for a loss leader is that you can make up for the loss by cross-selling other items, such as drinks or appetizers. The clientele Red Lobster attracted apparently did not do that in sufficient numbers.

Every restaurant chain has its life cycle. Red Lobster is no exception.

35 posted on 04/18/2024 5:55:27 AM PDT by Wallace T.
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To: V_TWIN

There is a crazy deal going on with Arby’s right now that makes me wonder if bankruptcy is next for them. You can order $1.49 item which is the cheapest I can find and get any sandwich you want including the $8.00
It is one per person once a week for 4 weeks.

You can guess what is happening. People are using multiple accounts to get this deal multiple times a week.

I havent eaten at Arby’s in years but I did do this deal last week. That sandwich was good and let me make several sandwiches out of it.


36 posted on 04/18/2024 5:56:00 AM PDT by RummyChick ( )
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To: ArcadeQuarters

“It’s not what it used to be.”

Neither is General Motors and yet somehow they got saved....funny how some businesses are rescued while others are left to sink or swim.


37 posted on 04/18/2024 5:57:48 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: V_TWIN

The same people who pulled Obama’s strings are pulling Biden’s.


38 posted on 04/18/2024 6:03:20 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: V_TWIN
shrimpy
39 posted on 04/18/2024 6:05:18 AM PDT by The Louiswu (Pray for Peace in the world.)
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To: dfwgator

“The same people who pulled Obama’s strings are pulling Biden’s.”

And if you follow that trail to the very end you’ll eventually arrive at the gates of hell.......and I mean that LITTERALLY.


40 posted on 04/18/2024 6:10:17 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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