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PennyHoper

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PennyHoper

Re: trader53 post# 22482

Tuesday, 05/14/2024 1:42:21 PM

Tuesday, May 14, 2024 1:42:21 PM

Post# of 22676
Re Red Lobster closings ...

I just read that RL put themselves $11M in the hole via an "Endless Shrimp" promotion to attract new customers. Who knew that in hard economic times, customers would over-indulge on such a deal?

Also, they not only hope to restructure debt (via bankruptcy), but get out of "costly and lengthy leases." Again, who could have predicted that landlords would structure leases to drive their renters out of business?
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