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Red Lobster's $20 promotion backfired, signaling how desperate diners are for cheap deals

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Red Lobster's $20 promotion backfired, signaling how desperate diners are for cheap deals


Hollis Johnson/Business Insider Red Lobster introduced a $20 all-you-can eat shrimp promotion that backfired. The chain said they underestimated the response for the "very cheap" deal, which led to losses. Diners face sticker shock at restaurants. They're clearly seeking value, a Red Lobster exec…

#redlobster #ultimate #ludovicgarnier #thaiuniongroup #cfo

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