May 21, 2024
When Giveaways Get Out of Hand
Poole College marketing professor Michael Stanko authored this analysis of the Red Lobster and the shrimp special that spurred it. This week, Red Lobster announced it was declaring bankruptcy, due in part to a disastrously successful $20 endless shrimp promotion. The Red Lobster situation is more than a little peculiar. Red Lobster’s largest investor, Thai…