May 14, 2024, 7:17 PM
May 13, 2024, 12:00 AM
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Red Lobster closes over 50 locations in the US amid 'endless shrimp' losses
Subjective
- Red Lobster is closing nearly 50 of its restaurants across more than 20 states in the US.
- The closures are part of Red Lobster's 'footprint rationalization' strategy.
- This move comes shortly after the chain faced losses from its 'endless shrimp' promotion.
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