LND
seafood industry
business

Red Lobster's Shrimp Promotion: A Costly Lesson in Business Moves

June 27, 2026

Red Lobster’s famous unlimited shrimp deal became a financial disaster after a major investor pushed to make it permanent. The promotion once drew crowds but turned into a money-losing mess. In just three months, the chain lost $11 million because the deal was too good to be true for customers—and t

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