Red Lobster’s popular Endless Shrimp deal dented profits
Red Lobster’s “irresistible” all-you-can-eat shrimp promotion is indeed hard to resist. The Ultimate Endless Shrimp deal became so popular that it contributed to the restaurant chain’s third-quarter profit decline, forcing the restaurant chain to increase the price from $20 to $25. Thai Union Group, which owns a large stake in the chain, said in a … [Read more…]