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re: Red Lobster considering filing for bankruptcy
Posted on 4/16/24 at 6:18 pm to bad93ex
Posted on 4/16/24 at 6:18 pm to bad93ex
quote:
They will be the first of many, folks simply don't have the spending power that they did just a few years ago.
Restaurants are poised to have a massive, record year in sales… eclipsing last year’s record.
The problem is Red Lobster, Fridays and the like are relics and have failed to keep up with tastes and trends, and are often poorly run.
Having said that I’ve always had a soft spot for the Lobster.
2
Posted on 4/16/24 at 6:20 pm to TejasHorn
Younger generations have also shunned chains a little more than older ones. I'm not saying that I blame them, but it's definitely a thing.
Posted on 4/17/24 at 8:24 am to TejasHorn
These “records“ are misleading when the cost of everything is up 25% at least.
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