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Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.<br/>NBC reports that approximately 99 Red Lobster locations <br/>will be auctioned off as the seafood chain faces <br/>questions regarding the company's long-term future.<br/>Founder and CEO of the liquidation firm TAGeX Brands, <br/>Neal Sherman, said he would lead the closure of over <br/>50 locations in a May 13 LinkedIn post.<br/>Sherman said equipment from the <br/>locations will be auctioned off.<br/>Locations will reportedly be closed across <br/>the United States, including Denver, <br/>Indianapolis, California and New York.<br/>On May 14, Restaurant Business Magazine reported <br/>a total of 99 locations would close, representing <br/>about 15% of the company's 700 locations. .<br/>NBC reports that the largest seafood <br/>restaurant in the U.S. has struggled with debt, <br/>unfavorable leases and executive turnover.<br/>The chain's troubles also stem from ill-advised <br/>strategies like an all-you-can-eat-shrimp promotion <br/>in 2023 that resulted in a significant loss.<br/>Earlier in 2024, the chain's largest investor, <br/>Thai Union, announced that it would <br/>seek to exit its position. .<br/>The combination of Covid-19 pandemic, <br/>sustained industry headwinds, higher <br/>interest rates and rising material and <br/>labor costs have impacted Red Lobster, <br/>resulting in prolonged negative <br/>financial contributions to <br/>Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.<br/>After detailed analysis, we have <br/>determined that Red Lobster’s <br/>ongoing financial requirements <br/>no longer align with our capital <br/>allocation priorities and <br/>therefore are pursuing an exit <br/>of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC

Red Lobster Announces Nearly 100 Locations Will Be Shut Down

⏲ 1:31 👁 111.8M

Google Search Central

Location-specific websites

⏲ 1 minute 30 seconds 👁 4.3K

Mapsted

Mapsted Location Technology for Malls

⏲ 1 minute 1 second 👁 465

Popular national café chain Pret a manger is to open a second location in Worthing after its first branch opened in Worthing town centre last year. This one will be at the BP service station in Brighton Road.

New Pret a Manger to open in Worthing

⏲ 0:6 👁 17.3M

Mapsted

Mapsted Location Technology for Transportation Hubs

⏲ 1 minute 1 second 👁 296

Limble CMMS

Intro to Locations | CMMS Tutorial

⏲ 6 minutes 48 seconds 👁 202

Hear from the managers ahead of week 38, the final week of the 23-24 Premier League season, including both title contenders, Manchester City boss Pep Guardiola and Arsenal boss Mikel Arteta and from Liverpool's Jurgen Klopp ahead of his final game in charge<br/>Various Locations, UK

23-24 Premier League Preview - Final Week

⏲ 3:42 👁 4.2M

Cegid Valuekeep

How to Add Locations?

⏲ 1 minute 17 seconds 👁 60

eMaint

Best Practices Webinar: Understanding Hierarchical Structures in CMMS

⏲ 59 minutes 35 seconds 👁 6.6K

Wayfair is opening its first large-format retail store outside of Chicago on May 23rd. The move shows that some digitally native brands are turning to physical retail locations for new growth opportunities and a better customer experience. Wayfair CEO Niraj Shah said categories like furniture benefit from a physical store experience where customers can see and touch items before purchasing. Wayfair envisions opening more large stores nationwide in the future as it explores an omnichannel retail strategy. Other e-commerce brands have also launched physical stores recently to complement online sales.

Wayfair Set to Open First Large-Format Retail Store, Signaling Shift in E-Commerce Trends

⏲ 0:38 👁 3.2M

Deutsche Bahn Konzern

Demonstration der ETCS Level 3 Technologie im Living Lab der DB Netz

⏲ 4 minutes 25 seconds 👁 40.7K

freeCodeCamp.org

Let's learn D3.js - D3 for data visualization (full course)

⏲ 27 minutes 16 seconds 👁 147.7K

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