Red Lobster faces potential bankruptcy after its "Ultimate Endless Shrimp" promotion, designed to boost customer traffic with its low price point, led to substantial financial losses and failed to improve the company's bottom line.
Red Lobster faces potential bankruptcy after its "Ultimate Endless Shrimp" promotion, designed to boost customer traffic with its low price point, led to substantial financial losses and failed to improve the company's bottom line.
This famous seafood restaurant, with 100s of locations throughout the United States, may have some very big financial problems to deal with after one of their most popular promotions happened to be just a little bit too popular and might bankrupt them.
Because they lost so much money through their endless shrimp promotion one of our favorite seafood places in Texas is considering filing for bankruptcy!