{"id":2244271,"date":"2024-05-14T13:37:02","date_gmt":"2024-05-14T17:37:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/red-lobster-closes-over-50-restaurants-as-chain-struggles-to-survive\/"},"modified":"2024-05-14T13:38:24","modified_gmt":"2024-05-14T17:38:24","slug":"red-lobster-closes-over-50-restaurants-as-chain-struggles-to-survive","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/red-lobster-closes-over-50-restaurants-as-chain-struggles-to-survive\/","title":{"rendered":"Red Lobster shuts down 50+ restaurants amidst survival challenges"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fred-lobster-closes-over-50-restaurants-as-chain-struggles-to-survive%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2244271&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Red Lobster is closing down more than 50 restaurants, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-truckers-use-fake-travel-records-clean-drivers-to-dodge-covid-rules\/\" title=\"China truckers use fake travel records, \u2018clean\u2019 drivers to dodge COVID rules\">including locations<\/a>\u2062 in major\u200d U.S. cities. The closures were announced by TAGeX Brands, which is auctioning off these locations. To read more about the closures \u200cand auction details, click the &#8220;Read more&#8230;&#8221; button. Your revised text is concise and effectively conveys the key information about Red Lobster&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/l-a-s-new-covid-restriction-no-tvs-allowed-at-restaurants\/\" title=\"L.A.\u2019s New COVID Restriction: No TVs Allowed at Restaurants\">restaurant closures<\/a> and \u2064the involvement of\u200d TAGeX Brands in the auctions.\u2063 It encourages readers to click the &#8220;Read more&#8230;&#8221; button for additional details.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_78\">\n<p>Red Lobster is shuttering over 50 <a href=\"https:\/\/washingtonexaminer.com\/tag\/restaurants\/\" target=\"_blank\" rel=\"noopener\" title=\"restaurants\">restaurants<\/a>, some of which are based in major cities in the United States.<\/p>\n<p>These closures were <a href=\"https:\/\/www.tagexbrands.com\/red-lobster\/\" target=\"_blank\" rel=\"noopener\" title>revealed by TAGeX Brands<\/a>, which is <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/auctions\/\" target=\"_blank\" rel=\"noopener\" title>auctioning<\/a> off the locations and providing the winners of each bid with the location and all of the contents inside the building. The bidding for these locations started on Monday and will conclude periodically this Thursday.<\/p>\n<p>The various <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ny-pension-fund-urges-mcdonalds-and-pepsico-to-cease-operations-in-russia\/\" title=\"NY Pension Fund Urges McDonalds and PepsiCo to Cease Operations in Russia\">restaurant locations<\/a> up for auction were listed on the bidding website, including Orlando, <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/florida\/\" target=\"_blank\" rel=\"noopener\" title>Florida<\/a>; Sacramento and San Diego, California; Denver, <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/colorado\/\" target=\"_blank\" rel=\"noopener\" title>Colorado<\/a>; Rochester, New York; and Myrtle Beach, South Carolina.<\/p>\n<figure><figcaption>In this June 20, 2005, photo, a Red Lobster restaurant is seen in Fairview Heights, Illinois. (AP Photo\/James A. Finley)<\/figcaption><\/figure>\n<p>As of Tuesday morning, Red Lobster stated it has 700 locations <a href=\"https:\/\/www.redlobster.com\/our-story\/our-history\/\" target=\"_blank\" rel=\"noopener\" title>on its website<\/a>.<\/p>\n<p>The seafood chain has been financially struggling lately, with the endless shrimp offer <a href=\"https:\/\/www.washingtonexaminer.com\/news\/2438139\/red-lobster-raises-price-for-its-endless-shrimp-in-wake-of-11-million-operating-loss\/\" target=\"_blank\" rel=\"noopener\" title>contributing to an $11 million operating loss<\/a> in the third quarter. <\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/strong><\/p>\n<p>A report from last <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/subway-exploring-a-sale-at-10-billion-valuation\/\" title=\"Subway Exploring a Sale at + Billion Valuation\">month stated<\/a> that Red Lobster has <a href=\"https:\/\/www.cnbc.com\/2024\/04\/25\/red-lobster-seeks-a-buyer-as-it-looks-to-avoid-bankruptcy-filing.html\" target=\"_blank\" rel=\"noopener\" title>considered filing for bankruptcy<\/a> amid its financial troubles. It was also reported that the chain has weighed a buyout, with at least one firm expressing interest. However, nothing materialized from this.<\/p>\n<p>The <em>Washington Examiner<\/em> contacted Red Lobster for comment.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Red Lobster closes 50+ restaurants, including those in major U.S. cities. TAGeX Brands discloses the closures and auctions the locations with all their contents inside. The bidding process for these locations is underway<\/p>\n","protected":false},"author":2632,"featured_media":2244272,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/AP18221556177069-1024x672.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2244271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/AP18221556177069-1024x672.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2244271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2632"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2244271"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2244271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2244272"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2244271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2244271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2244271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}