Red Lobster Is A Sinking Ship!

The owners of Red Lobster filed for bankruptcy.

Eat in restaurants are about to collapse.

McDonald's, Burger King and Starbucks suffer because of their support for Israel. Now they are begging people by offering cheap meals for $5 and new flavored drinks.

Endless buffet of shrimp then a shocking announcement. 

Red Lobster files for bankruptcy and is expected to close hundreds of locations. We give billions to Israel while our own country is experiencing turmoils. It would be nice of we support local or Black-owned seafood restaurants.

There are only a handful of local seafood restaurants owned by Black entrepreneurs.

The company said it had more than $1 billion in debt and less than $30 million in cash on hand. It plans to sell its business to its lenders, and in turn, it will receive financing to stay afloat. It expects to continue to close restaurants in the meantime.

Red Lobster, known for its cheddar bay biscuits, crab legs and shrimp dishes, spread around the country during the 1980s and 1990s. In 2016, Beyoncé mentioned Red Lobster in her song “Formation,” describing bringing a romantic partner to Red Lobster, causing sales to surge.

With 578 restaurants across 44 states and Canada, Red Lobster serves 64 million customers a year, and it brings in $2 billion in annual sales, the company said in its bankruptcy filing. One in five lobster tails purchased in North America is bought by Red Lobster.

But recent mismanagement, competition, inflation and other factors brought down Red Lobster, analysts and former Red Lobster employees say.

Years of underinvestment in Red Lobster’s marketing, food quality, service and restaurant upgrades hurt the chain’s ability to compete with growing fast-casual and quick-service chains.

They gonna blame dine and dash customers or fast casual restaurants like a J&J Fish and Chicken restaurant.

Casual dining has slipped from 36% of total restaurant industry sales in 2013 to 31% in 2023, according to Technomic, a restaurant research firm.

In its bankruptcy filing, Red Lobster conceded it had “a bloated and underperforming restaurant footprint” and cited a difficult economic environment and increased competition for its recent financial failures.

President Joe Biden, former president Donald J. Trump and Robert F. Kennedy, Jr. all support the status quo. It doesn't matter who becomes the president. We will continue to embrace Israel, dehumanize Americans who don't agree with the status quo, rewrite history, continue to protect the indefensible and allow white privilege fester through either a Biden, Trump or Kennedy presidency.