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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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Foiled by all you can eat shrimp
1 posted on 04/18/2024 4:45:20 AM PDT by V_TWIN
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To: V_TWIN

Also foiled by bidenomics food inflation. We seldom eat out in restaurants, but I can so swear and attest the fish and seafood have REALLY increased in price in shall we say recent years.

Salmon filets used to be a weekly staple on our menu, but it has increased from about $6-7 per pound to ~$11-13 per pound for the non-Asia origin, non-farm salmon.

Stagflation at its finest.


2 posted on 04/18/2024 4:52:50 AM PDT by Blueflag
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To: V_TWIN

There are entire families who live for the all-you-can-eat challenge.


3 posted on 04/18/2024 4:54:40 AM PDT by ComputerGuy (Heavily-medicated for your protection)
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To: Blueflag

Funny you mention salmon.....we had that last night.

We always buy it at Aldi.....best deal for salmon I can find.

For less than $20 we always have enough for lunch leftovers.


4 posted on 04/18/2024 5:02:07 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: V_TWIN
Foiled by all you can eat shrimp


5 posted on 04/18/2024 5:03:56 AM PDT by Angelino97
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To: V_TWIN

Oh ya! I learned that trick long ago.... it’s GREAT salmon!


6 posted on 04/18/2024 5:05:12 AM PDT by SMARTY ("A lie which is half a truth is ever the blackest of lies." Tennyson)
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To: V_TWIN

Or possibly by the cost having to ship live lobsters from the East Coast and keep them alive and not eating each other.


7 posted on 04/18/2024 5:05:56 AM PDT by jmcenanly (You have enemies? Good. That means you've stood up for something, sometime in your life.” ― Winston)
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To: V_TWIN

I doubt the tips are very good.


8 posted on 04/18/2024 5:06:07 AM PDT by Track9 (If you want to know about human nature, read a power tool user manual. )
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To: V_TWIN

As a mid-western country kid in the 1970’s-80’s, Red Lobster was peak fine dining.


9 posted on 04/18/2024 5:07:52 AM PDT by BBQToadRibs2
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To: jmcenanly

They lost 11 million in ONE quarter attributed to the shrimp deal......whoever thought thstvup better update their resume.


10 posted on 04/18/2024 5:08:33 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: BBQToadRibs2

As young poor lawyers working for the state in Jefferson City, MO we single people with no social life would get together and drive up to Columbia, MO to eat at Red Lobster.


11 posted on 04/18/2024 5:12:20 AM PDT by yldstrk ( )
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To: Blueflag

Yep. Wild caught Alaskan salmon has become pricey but that’s the only kind I’ll eat.


12 posted on 04/18/2024 5:13:29 AM PDT by hinckley buzzard ( Resist the narrative. )
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To: V_TWIN

I hear the market executive who thought up that idea was alissa heinerscheid, /sarc


13 posted on 04/18/2024 5:18:47 AM PDT by srmanuel ( )
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To: yldstrk

I’ve eaten at RL precisely once in 60 years.


14 posted on 04/18/2024 5:20:50 AM PDT by KingLudd
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To: V_TWIN

Is it wild caught salmon? I try not to eat farm raised, unless I can get good information on the source. I don’t shop at Aldi’s very often. I’m also guessing it’s frozen, right?


15 posted on 04/18/2024 5:22:40 AM PDT by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TPetty)
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To: V_TWIN

They bought out a lot of Ponderosa places up here in the Great White North back in the mid 1980s, so I was that bit annoyed with them over that, lol.


16 posted on 04/18/2024 5:22:51 AM PDT by OttawaFreeper ("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966 )
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To: hinckley buzzard

I get wild caught Faroe Island salmon from my butcher. It’s pricey, too. Definitely a treat.


17 posted on 04/18/2024 5:23:57 AM PDT by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TPetty)
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To: V_TWIN

“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.”

Piss poor planning.


18 posted on 04/18/2024 5:24:22 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: V_TWIN

Here on the Gulf Coast, we have so many truly fine seafood restaurants Red Lobster just can’t compete. Why eat a pre-made frozen entrée they plop into the oven for 15 minutes or more when you can have actual real fresh seafood prepared by a real chef for maybe even less?

Red Lobster here is like Captain D’s or Long John Silvers with better looking staff..................


19 posted on 04/18/2024 5:27:41 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: Track9

“I doubt the tips are very good”

A certain ethnicity is notorious for not only poor tipping but NO tipping.....an oyster bar where I am had to post a 15% mandatory included tip will be added to the bill sign at the raw bar for thst very reason. I know that because our shucker told us.

It’s common for them to complain about some minor issue with the meal or service to get a discount.....I’ve seen it 1st hand, AT Red Lobster no less. SMH


20 posted on 04/18/2024 5:29:01 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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