June’s Record Bankruptcy Wave Signals Tough Times Ahead for Businesses
In June there were 75 major U.S. business bankruptcies. Some financial experts predict the pace could accelerate over the second half of the year.
Tag: Red Lobster
Seafood Restaurant Outlook: Lessons Learned from Red Lobster’s Demise
What can seafood restaurant operators learn from the demise of Red Lobster? Andy Diamond, president of seafood franchise Angry Crab Shack, recently noted how operators can stay ahead of volatile market pricing to deliver value.
Consumers Have Forced the Value Wars
Food prices are up; consumer confidence is down. Many QSRs and retail outlets reported losses in the last quarter. The Value Wars are here.
FI Fast Break audio news: May 15, 2024
The latest Food Institute Fast Break news podcast touches on Kraft Heinz’s possible sale of the Oscar Mayer brand.
The Red Lobster Boat is Taking on Water – Again
After an endless shrimp fiasco, Red Lobster is reportedly considering a Chapter 11 bankruptcy filing to restructure its debt.
The Future of Restaurants: Data and Insights for 2024 and Beyond
What do consumers desire in 2024 when they eat out? Value and convenience, mostly, and though those are universal qualities most any time, an uncertain economic outlook and increased food prices have seen consumers slowly …
Shrimp: The New Seafood Value Proposition
When it comes to seafood, shrimp is, well, no shrimp. While other seafood prices have been on the upswing since the pandemic era, shrimp prices have remained affordable and stable, providing value opportunities for savvy …
Why Restaurant Chain CEOs are Jumping Ship
While leadership changes are nothing new for restaurant chains, CEOs have been resigning in spades over the past two months, including departures from prominent brands like Starbucks, Dominos, Denny’s, Red Lobster, and Wingstop. What’s behind …