How Red Lobster’s Affordable Endless Shrimp Deal Impacted Its Bottom Line

Red Lobster’s “Ultimate Endless Shrimp” promotion became a permanent feature on the menu, aiming to drive foot traffic during slower months and offering diners the option to order an endless amount of shrimp-based dishes. But, despite popular demand, Red Lobster struggled to turn a profit, causing a downturn for its owner, Thai Union. This led to the realization that the promotion’s price point needed adjusting.

Simultaneously, foot traffic at all-you-can-eat chain restaurants saw a significant increase, as Americans continue to feel the impact of consumer price increases. This shift towards unlimited dining options is reflected in the 125% spike in visitors to Golden Corral, Cicis, and Pizza Ranch over the past two years.

Reference

Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
DMCA compliant image

Leave a Comment