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Started By
Message
re: Joe Strikes Back - Red Lobster about to close
Posted on 5/14/24 at 8:23 am to Midget Death Squad
Posted on 5/14/24 at 8:23 am to Midget Death Squad
quote:
It’s been frozen and disgusting for 56 years. The question is what’s different in recent years compared to the previous 54?
Takes more than a couple of years to tank a half century old restaurant chain. The actual answer to your question is “consumer tastes”, and over the last decade or so.
0
Posted on 5/14/24 at 9:05 am to South21
quote:
I'd like to blame Joe, but Red Lobster is closing because their food is frozen and disgusting.
It is closing because management decided to offer unlimited skrimps and crab legs in separate promotions and got destroyed.
Posted on 5/14/24 at 10:14 am to teke184
Did the endless skrimps one time ... and soon divined the strategy. After your first 'helping,' they bring you more skrimps .... after a 10-15 min wait, and about 6 skrimps at a time.
Basically, its an endurance contest. They dole them out slowwwwwwwly hoping you will tire of the game and leave before you get 'too many.'
Basically, its an endurance contest. They dole them out slowwwwwwwly hoping you will tire of the game and leave before you get 'too many.'
Posted on 5/14/24 at 10:16 am to Ancient Astronaut
Hopefully they still gonna sell that biscuit mix at the grocery store.
Posted on 5/14/24 at 10:54 am to RingLeader
quote:
Hopefully they still gonna sell that biscuit mix at the grocery store.
Bisquick, shredded sharp cheese and garlic butter is all you need
Posted on 5/14/24 at 11:40 am to KAHog
Pappadeux
Posted on 5/14/24 at 11:44 am to Ancient Astronaut
Private equity raided them
Posted on 5/14/24 at 11:50 am to Ancient Astronaut
The cheddar bay biscuits are the bomb.
Posted on 5/14/24 at 11:53 am to AwgustaDawg
quote:
Cracker Barrel won't survive much longer
Shut your whore mouth.
They are still making a killing. Wife ate there for Mother's Day. They are still good.
Posted on 5/14/24 at 11:53 am to Ancient Astronaut
As long as Sam’s Club still sells Red Lobster biscuit mix I’m all gravy baby. Their biscuits are really the best thing they have to offer anyway.
Posted on 5/14/24 at 12:04 pm to Ancient Astronaut
Somebody miscalculated the volume versus price on that endless shrimp. There had to be tons of customers coming in and knocking the bottom out of it. The bell curve has shifted on the all-you-can-eat customer.
Posted on 5/14/24 at 12:28 pm to BeachDude022
Don't get down on the Cheddar Bay Biscuits. A little known aphrodisiac.
Posted on 5/14/24 at 12:45 pm to South21
Saw a family of 5 at Red Lobster in Katy about 6 years ago with snow crab legs. Looked over and the dad was biting the shell open with his teeth.
Server didn't give them a shell cracker. Didn't slow that dad down. I looked at my wife told her that's why I hadn't been to Red Lobster since I was a kid. Food and clientale.
Server didn't give them a shell cracker. Didn't slow that dad down. I looked at my wife told her that's why I hadn't been to Red Lobster since I was a kid. Food and clientale.
Posted on 5/14/24 at 1:24 pm to LSUBFA83
RL isn't falling apart b/c of increased wages.
It's the exact same shite that's destroyed a number of once great American businesses. They were bought by a private equity company.
These fricking parasites never actually give a shite about the company they buy long term. Red Lobster owned all the property their restaurants were built on. First thing Golden Gate Capitol did was immediately sell said property to pay for their purchase of Red Lobster b/c of course these dick bags never actually have the money needed to buy the company they are planning on tearing apart. Then they started slashing costs as much as possible which tanked the quality of service and food. So now all the restaurants were suddenly on the hook for lease payments and they were unable to keep their quality level high enough to keep long term customers. That can work when sales are doing well but the moment you hit a slump you're in trouble and if the new property owners decide to raise the rents (which have all shot through the roof across the country the last few years) you're fricked b/c that's when the private equity pukes will decide it's time to pull up stakes, sell everything off, and move on to the next thing they are going to ruin.
The exact same thing is about to happen to Macy's if they can't fend off likely upcoming hostile takeover attempts. Two different equity companies have already tried to buy them out this year and its a 100% guarantee if do get bought said company will sell off all their property to get an immediate return.
This post was edited on 5/14/24 at 1:29 pm
Posted on 5/14/24 at 1:32 pm to Dr RC
quote:
These fricking parasites never actually give a shite about the company they buy long term. Red Lobster owned all the property their restaurants were built on. First thing Golden Gate Capitol did was immediately sell said property to pay for their purchase of Red Lobster b/c of course these dick bags never actually have the money needed to buy the company they are planning on tearing apart. So now all the restaurants were suddenly on the hook for lease payments. That's fine when sales are doing well but the moment you hit a slump you're in trouble and if the new property owners decide to raise the rents (which have all shot through the roof the last few years) you're fricked b/c that's when the private equity pukes will decide it's time to pull up stakes, sell everything off, and move on to the next thing they are going to ruin.
The exact same thing is about to happen to Macy's if they can't fend off likely upcoming hostile takeover attempts. Two different equity companies have already tried to buy them out this year and its a 100% guarantee if do get bought said company will sell off all their property to get an immediate return.
Good post. frick private equity.
Posted on 5/14/24 at 1:55 pm to tarzana
quote:I don't see how any those old 90's era chains remain open. Chili's/Applebee's/Ruby Tuesday/Red Lobster/TGIF/Olive Garden/O'Charley's.
I'm shocked they've remained open still.
Posted on 5/14/24 at 2:00 pm to RT1941
Chilis survives by cutting costs on every menu item that isn’t covered by FTC regulations, from what I have seen.
A 8oz hamburger still has to have started out as 8oz hamburger pre-cooking.
OTOH, “chicken quesadillas” don’t necessarily say how much chicken has to be in it, to my wife’s annoyance.
A 8oz hamburger still has to have started out as 8oz hamburger pre-cooking.
OTOH, “chicken quesadillas” don’t necessarily say how much chicken has to be in it, to my wife’s annoyance.
Posted on 5/14/24 at 3:19 pm to Ancient Astronaut
thread summary: red lobster's food just sucks, this has nothing to do with the health of the economy.
can't argue with that i guess.
can't argue with that i guess.
Posted on 5/14/24 at 3:23 pm to Klark Kent
Red Lobster is one of those staple restaurants that I'm actually shocked still exists. I I think the last I went to one was in high school, and from the outside it has never looked like they reinvented themself in any way, shape or form.
Posted on 5/14/24 at 3:26 pm to sicboy
why now?
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