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Message

re: Red Lobster considering filing for bankruptcy

Posted on 4/16/24 at 6:34 pm to
Posted by toesinthesand
One Particular Harbour
Member since Dec 2011
182 posts
Posted on 4/16/24 at 6:34 pm to
The writing was on the wall with their biggest customer passing away earlier this month

Posted by NIH
Member since Aug 2008
112703 posts
Posted on 4/16/24 at 6:39 pm to
Not really. Walk one door over to a Texas Roadhouse or whatever and it’s packed.
Posted by CuyahogaTigerJr
Northeast ohio
Member since Aug 2018
2188 posts
Posted on 4/16/24 at 6:41 pm to
So what will companies like Darden do with these restaurants
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 4/16/24 at 6:42 pm to
quote:

Metairie losing its location was a death knell for good seafood in the NOLA area.

I don't care what your mom says, you'd better keep wearing that helmet.
Posted by Giantkiller
the internet.
Member since Sep 2007
20410 posts
Posted on 4/16/24 at 6:43 pm to
I’ve never actually eaten in one.
Posted by East Coast Band
Member since Nov 2010
62861 posts
Posted on 4/16/24 at 6:43 pm to
quote:

When I was a kid, say 7-17, during the 1980s..Red Lobster was a nice restaurant. Now it’s a shithole.

Can be said for multiple chain restaurants.
Posted by cypresstiger
The South
Member since Aug 2008
10631 posts
Posted on 4/16/24 at 6:45 pm to
Surprised they lasted this long
Posted by GusMcRae
Deep in the heart...
Member since Oct 2008
3241 posts
Posted on 4/16/24 at 6:48 pm to
Look… RL sucks, but in desperate times in the Midwest or West Texas 20 years ago I may have been in a couple.

At some point there was a bargain involved. At $50 dollars a head, ain’t no fuggin way.

I don’t know if it’s a function of inflation or poor business strategy, but either way, that’s not going to work.

No worries for me. I’m back in ‘ew Orleans, and RL would not break the top 1,000 restaurants. That’s why we don’t have one.
Posted by saint tiger225
San Diego
Member since Jan 2011
36237 posts
Posted on 4/16/24 at 6:52 pm to
Oh no, where will people who talk on speaker phone in public go out to eat now?
Posted by dallastigers
Member since Dec 2003
5733 posts
Posted on 4/16/24 at 7:00 pm to
quote:

I thought they were part of Darden. Guess they go sold.


Darden sold it to golden gate capital around 10 years ago. They later sold it to some Asian company (food supplier I think), but first golden gate separated the real estate red lobster owned and sold it off.
Posted by DesScorp
Alabama
Member since Sep 2017
6551 posts
Posted on 4/16/24 at 7:01 pm to
quote:

They will be the first of many, folks simply don't have the spending power that they did just a few years ago.


Paul Krugman assures me that this is a Trumpian lie, and that the economy is Bettah Than Evah.
Posted by GruntbyAssociation
Member since Jul 2013
3793 posts
Posted on 4/16/24 at 7:01 pm to
quote:

Their biscuits are top notch.

Posted by bad93ex
Member since Sep 2018
27312 posts
Posted on 4/16/24 at 7:09 pm to
quote:

Alternative explanation: red lobster is awful



McDonald's is awful yet they're usually the busiest place out of all the fast food joints.
Posted by nicholastiger
Member since Jan 2004
42912 posts
Posted on 4/16/24 at 7:14 pm to
They should franchise a cheddar biscuit restaurant instead
Posted by notiger1997
Metairie
Member since May 2009
58231 posts
Posted on 4/16/24 at 7:14 pm to
quote:

People who can’t find anything they’re willing to eat at Red Lobster, Olive Garden, etc., are just being unreasonable.


That’s a cute thought, but in 90% of the country people can find better places, both chain and local places, that are better for the same price. And we don’t have to eat around trash.
Posted by ISEN_AG
ThunderWolf Manor
Member since Aug 2013
1933 posts
Posted on 4/16/24 at 7:21 pm to
quote:

McDonald's is awful yet they're usually the busiest place out of all the fast food joints


Eh...At this point they all taste the same. They must all get their burger meat from the same supplier because the last time I ate whataburger, Sonic, or BK I could've sworn it tasted the same as McDonald's.
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
8536 posts
Posted on 4/16/24 at 7:21 pm to
quote:

Tired of hearing that. Yet every single airport, hotel occupancy, festivals, concerts and restaurants are packed


We went to Red Lobster last fall- kid was on a date and we had a gift card. We sat next to trashy drunks and waited forever for our biscuits. Ended up getting free drinks, so we tipped the bartender the balance of the GC to get rid of it.

People aren’t spending their money at Chili’s, Red Lobsters and Applebee’s of the world anymore. When we go out to eat, which is admittedly less frequent than it used to be, we pick better quality that are usually local.

Our travel budget hasn’t changed, our food budget has and the bar has been raised.
Posted by SpotCheckBilly
Member since May 2020
6536 posts
Posted on 4/16/24 at 7:22 pm to
There was a time when Red Lobster was a good place to go for seafood (unless you were near the coast). Many years ago, they had numerous fish choices and good menu items. But that was many years ago. It's been over 25 years since I've been in one and by then it was more like a bigger Captain Ds with a lobster tank.
Posted by elprez00
Hammond, LA
Member since Sep 2011
29405 posts
Posted on 4/16/24 at 7:24 pm to
Honestly just keep selling the biscuit mix at the grocery store and I don’t even need to set foot in one ever again.
Posted by VADawg
Wherever
Member since Nov 2011
45006 posts
Posted on 4/16/24 at 7:29 pm to
quote:

Yet every single airport, hotel occupancy, festivals, concerts and restaurants are packed.


Related: credit card debt is at an all time high.
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