Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions
Videos
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Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions
01:17 | December 1, 2023
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Canada didn’t choose or escalate trade conflict with U.S., Champagne says
01:27 | September 9, 2026
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Oil climbs above $100 per barrel as attacks by Iran, U.S. further threaten supply
02:23 | September 9, 2026
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U.S.-Canada trade war: Carney releases ‘Forward Guidance’ message as Canadian counter-tariffs come into effect
15:24 | September 8, 2026
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Ottawa’s counter-tariffs kick in Tuesday: Economist breaks down what Canadians can expect
07:25 | September 7, 2026
-
Dutch National Bank moves gold out of U.S., Canada
01:51 | September 6, 2026
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King Charles makes Canadian banknote debut on new, vertical $20 bill
02:08 | September 3, 2026
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Bank of Canada holds key rate steady, as risks to inflation and economic growth increase
01:48 | September 2, 2026
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Business Matters: Champagne, Macklem represent Canada at U.S. meeting of G20 finance chiefs
02:34 | August 31, 2026
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Lake Ontario renaming distracts from stalled trade talks
02:00 | August 28, 2026
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Canada’s GDP rises 3.3% in 2nd quarter, but US trade war could halt that momentum
01:37 | August 28, 2026
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Saskatchewan potash, uranium and oil would be plentiful to US if trade deal gets done: Premier Moe
01:06 | August 26, 2026
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U.S. takes notice over Doug Ford’s inflammatory comments about Trump
06:54 | August 26, 2026
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Business Matters: Loblaw is bringing back food labels to signify impact of tariffs
02:26 | August 26, 2026
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School-lunch costs ease ahead of classes, but relief may be temporary
00:37 | August 25, 2026
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Business Matters: Canada could lose 90,000 jobs due to new U.S. tariffs
02:01 | August 24, 2026
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What Would You Do With a Million Dollars?
04:18 | August 21, 2026
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Business Matters: Mortgage renewal wave of ultra-low COVID rates continues to raise anxiety for borrowers
02:29 | August 19, 2026
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Overall inflation in Canada up 3 per cent
01:39 | August 17, 2026
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Business Matters: Small exporters worry about tariffs impacting sales, CFIB says
02:11 | August 12, 2026
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Consumers could start feeling financial relief by 2027, says CIBC
00:43 | August 11, 2026
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Canadian officials in Washington ahead of Trump’s deadline threat to implement 50% tariffs
06:42 | August 11, 2026
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Consumer insolvencies in Canada continue to climb
01:21 | August 11, 2026
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Business Matters: Oil prices rise as doubts grow that Strait of Hormuz will reopen
02:12 | August 10, 2026
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Trump’s ban on foreign-made advanced robotics affects Canadian entrepreneurs
02:00 | August 7, 2026
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Canada adds 75,000 jobs in July ‘summer surge’ but uncertainty remains
02:09 | August 7, 2026
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‘We’ll see’ if Canada, U.S. get a ‘win-win’ deal before Trump’s double tariff August deadline: Carney
01:19 | August 6, 2026
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Business Matters: Equifax survey reveals 1 in 4 Canadians can afford only minimum credit card payments
02:14 | August 6, 2026
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Canadian businesses adapt to U.S. tariff turmoil by raising prices, expanding export relationships
01:51 | August 5, 2026
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Business Matters: Shopify stock soars despite economic uncertainty
02:13 | August 5, 2026
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U.S. doing ‘whatever it takes to support’ Japan economically as Yen plummets, Bessent says
01:09 | August 4, 2026
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Business Matters: Canadian economy expands for second month in a row
02:25 | July 31, 2026
-
Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions
01:17 | December 1, 2023
-
Canada didn’t choose or escalate trade conflict with U.S., Champagne says
01:27 | September 9, 2026
-
Oil climbs above $100 per barrel as attacks by Iran, U.S. further threaten supply
02:23 | September 9, 2026
-
U.S.-Canada trade war: Carney releases ‘Forward Guidance’ message as Canadian counter-tariffs come into effect
15:24 | September 8, 2026
-
Ottawa’s counter-tariffs kick in Tuesday: Economist breaks down what Canadians can expect
07:25 | September 7, 2026
-
Dutch National Bank moves gold out of U.S., Canada
01:51 | September 6, 2026
-
King Charles makes Canadian banknote debut on new, vertical $20 bill
02:08 | September 3, 2026
-
Bank of Canada holds key rate steady, as risks to inflation and economic growth increase
01:48 | September 2, 2026
-
Business Matters: Champagne, Macklem represent Canada at U.S. meeting of G20 finance chiefs
02:34 | August 31, 2026
-
Lake Ontario renaming distracts from stalled trade talks
02:00 | August 28, 2026
-
Canada’s GDP rises 3.3% in 2nd quarter, but US trade war could halt that momentum
01:37 | August 28, 2026
-
Saskatchewan potash, uranium and oil would be plentiful to US if trade deal gets done: Premier Moe
01:06 | August 26, 2026
-
U.S. takes notice over Doug Ford’s inflammatory comments about Trump
06:54 | August 26, 2026
-
Business Matters: Loblaw is bringing back food labels to signify impact of tariffs
02:26 | August 26, 2026
-
School-lunch costs ease ahead of classes, but relief may be temporary
00:37 | August 25, 2026
-
Business Matters: Canada could lose 90,000 jobs due to new U.S. tariffs
02:01 | August 24, 2026
-
What Would You Do With a Million Dollars?
04:18 | August 21, 2026
-
Business Matters: Mortgage renewal wave of ultra-low COVID rates continues to raise anxiety for borrowers
02:29 | August 19, 2026
-
Overall inflation in Canada up 3 per cent
01:39 | August 17, 2026
-
Business Matters: Small exporters worry about tariffs impacting sales, CFIB says
02:11 | August 12, 2026
-
Consumers could start feeling financial relief by 2027, says CIBC
00:43 | August 11, 2026
-
Canadian officials in Washington ahead of Trump’s deadline threat to implement 50% tariffs
06:42 | August 11, 2026
-
Consumer insolvencies in Canada continue to climb
01:21 | August 11, 2026
-
Business Matters: Oil prices rise as doubts grow that Strait of Hormuz will reopen
02:12 | August 10, 2026
-
Trump’s ban on foreign-made advanced robotics affects Canadian entrepreneurs
02:00 | August 7, 2026
-
Canada adds 75,000 jobs in July ‘summer surge’ but uncertainty remains
02:09 | August 7, 2026
-
‘We’ll see’ if Canada, U.S. get a ‘win-win’ deal before Trump’s double tariff August deadline: Carney
01:19 | August 6, 2026
-
Business Matters: Equifax survey reveals 1 in 4 Canadians can afford only minimum credit card payments
02:14 | August 6, 2026
-
Canadian businesses adapt to U.S. tariff turmoil by raising prices, expanding export relationships
01:51 | August 5, 2026
-
Business Matters: Shopify stock soars despite economic uncertainty
02:13 | August 5, 2026
-
U.S. doing ‘whatever it takes to support’ Japan economically as Yen plummets, Bessent says
01:09 | August 4, 2026
-
Business Matters: Canadian economy expands for second month in a row
02:25 | July 31, 2026
Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions
Description
December 1, 2023
Red Lobster announced its "ultimate endless shrimp" deal would become part of its regular menu back in June, a move it hoped would bring in more diners in the summer and fall, when its restaurants are at their emptiest. It worked, but it also left the company with an $11 million loss in their third quarter. Sean Previl explains how the company has adjusted the deal in an attempt to earn back profits, and why it's still going to end up with a big loss going into 2024.
-
Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions01:17 | December 1, 2023 -
Canada didn’t choose or escalate trade conflict with U.S., Champagne says01:27 | September 9, 2026 -
Oil climbs above $100 per barrel as attacks by Iran, U.S. further threaten supply02:23 | September 9, 2026 -
U.S.-Canada trade war: Carney releases ‘Forward Guidance’ message as Canadian counter-tariffs come into effect15:24 | September 8, 2026 -
Ottawa’s counter-tariffs kick in Tuesday: Economist breaks down what Canadians can expect07:25 | September 7, 2026 -
Dutch National Bank moves gold out of U.S., Canada01:51 | September 6, 2026 -
King Charles makes Canadian banknote debut on new, vertical $20 bill02:08 | September 3, 2026 -
Bank of Canada holds key rate steady, as risks to inflation and economic growth increase01:48 | September 2, 2026 -
Business Matters: Champagne, Macklem represent Canada at U.S. meeting of G20 finance chiefs02:34 | August 31, 2026 -
Lake Ontario renaming distracts from stalled trade talks02:00 | August 28, 2026 -
Canada’s GDP rises 3.3% in 2nd quarter, but US trade war could halt that momentum01:37 | August 28, 2026 -
Saskatchewan potash, uranium and oil would be plentiful to US if trade deal gets done: Premier Moe01:06 | August 26, 2026 -
U.S. takes notice over Doug Ford’s inflammatory comments about Trump06:54 | August 26, 2026 -
Business Matters: Loblaw is bringing back food labels to signify impact of tariffs02:26 | August 26, 2026 -
School-lunch costs ease ahead of classes, but relief may be temporary00:37 | August 25, 2026 -
Business Matters: Canada could lose 90,000 jobs due to new U.S. tariffs02:01 | August 24, 2026 -
What Would You Do With a Million Dollars?04:18 | August 21, 2026 -
Business Matters: Mortgage renewal wave of ultra-low COVID rates continues to raise anxiety for borrowers02:29 | August 19, 2026 -
Overall inflation in Canada up 3 per cent01:39 | August 17, 2026 -
Business Matters: Small exporters worry about tariffs impacting sales, CFIB says02:11 | August 12, 2026 -
Consumers could start feeling financial relief by 2027, says CIBC00:43 | August 11, 2026 -
Canadian officials in Washington ahead of Trump’s deadline threat to implement 50% tariffs06:42 | August 11, 2026 -
Consumer insolvencies in Canada continue to climb01:21 | August 11, 2026 -
Business Matters: Oil prices rise as doubts grow that Strait of Hormuz will reopen02:12 | August 10, 2026 -
Trump’s ban on foreign-made advanced robotics affects Canadian entrepreneurs02:00 | August 7, 2026 -
Canada adds 75,000 jobs in July ‘summer surge’ but uncertainty remains02:09 | August 7, 2026 -
‘We’ll see’ if Canada, U.S. get a ‘win-win’ deal before Trump’s double tariff August deadline: Carney01:19 | August 6, 2026 -
Business Matters: Equifax survey reveals 1 in 4 Canadians can afford only minimum credit card payments02:14 | August 6, 2026 -
Canadian businesses adapt to U.S. tariff turmoil by raising prices, expanding export relationships01:51 | August 5, 2026 -
Business Matters: Shopify stock soars despite economic uncertainty02:13 | August 5, 2026 -
U.S. doing ‘whatever it takes to support’ Japan economically as Yen plummets, Bessent says01:09 | August 4, 2026 -
Business Matters: Canadian economy expands for second month in a row02:25 | July 31, 2026
-
Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions01:17 | December 1, 2023
-
Canada didn’t choose or escalate trade conflict with U.S., Champagne says01:27 | September 9, 2026
-
Oil climbs above $100 per barrel as attacks by Iran, U.S. further threaten supply02:23 | September 9, 2026
-
U.S.-Canada trade war: Carney releases ‘Forward Guidance’ message as Canadian counter-tariffs come into effect15:24 | September 8, 2026
-
Ottawa’s counter-tariffs kick in Tuesday: Economist breaks down what Canadians can expect07:25 | September 7, 2026
-
Dutch National Bank moves gold out of U.S., Canada01:51 | September 6, 2026
-
King Charles makes Canadian banknote debut on new, vertical $20 bill02:08 | September 3, 2026
-
Bank of Canada holds key rate steady, as risks to inflation and economic growth increase01:48 | September 2, 2026
-
Business Matters: Champagne, Macklem represent Canada at U.S. meeting of G20 finance chiefs02:34 | August 31, 2026
-
Lake Ontario renaming distracts from stalled trade talks02:00 | August 28, 2026
-
Canada’s GDP rises 3.3% in 2nd quarter, but US trade war could halt that momentum01:37 | August 28, 2026
-
Saskatchewan potash, uranium and oil would be plentiful to US if trade deal gets done: Premier Moe01:06 | August 26, 2026
-
U.S. takes notice over Doug Ford’s inflammatory comments about Trump06:54 | August 26, 2026
-
Business Matters: Loblaw is bringing back food labels to signify impact of tariffs02:26 | August 26, 2026
-
School-lunch costs ease ahead of classes, but relief may be temporary00:37 | August 25, 2026
-
Business Matters: Canada could lose 90,000 jobs due to new U.S. tariffs02:01 | August 24, 2026
-
What Would You Do With a Million Dollars?04:18 | August 21, 2026
-
Business Matters: Mortgage renewal wave of ultra-low COVID rates continues to raise anxiety for borrowers02:29 | August 19, 2026
-
Overall inflation in Canada up 3 per cent01:39 | August 17, 2026
-
Business Matters: Small exporters worry about tariffs impacting sales, CFIB says02:11 | August 12, 2026
-
Consumers could start feeling financial relief by 2027, says CIBC00:43 | August 11, 2026
-
Canadian officials in Washington ahead of Trump’s deadline threat to implement 50% tariffs06:42 | August 11, 2026
-
Consumer insolvencies in Canada continue to climb01:21 | August 11, 2026
-
Business Matters: Oil prices rise as doubts grow that Strait of Hormuz will reopen02:12 | August 10, 2026
-
Trump’s ban on foreign-made advanced robotics affects Canadian entrepreneurs02:00 | August 7, 2026
-
Canada adds 75,000 jobs in July ‘summer surge’ but uncertainty remains02:09 | August 7, 2026
-
‘We’ll see’ if Canada, U.S. get a ‘win-win’ deal before Trump’s double tariff August deadline: Carney01:19 | August 6, 2026
-
Business Matters: Equifax survey reveals 1 in 4 Canadians can afford only minimum credit card payments02:14 | August 6, 2026
-
Canadian businesses adapt to U.S. tariff turmoil by raising prices, expanding export relationships01:51 | August 5, 2026
-
Business Matters: Shopify stock soars despite economic uncertainty02:13 | August 5, 2026
-
U.S. doing ‘whatever it takes to support’ Japan economically as Yen plummets, Bessent says01:09 | August 4, 2026
-
Business Matters: Canadian economy expands for second month in a row02:25 | July 31, 2026
Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions
Description
December 1, 2023
Red Lobster announced its "ultimate endless shrimp" deal would become part of its regular menu back in June, a move it hoped would bring in more diners in the summer and fall, when its restaurants are at their emptiest. It worked, but it also left the company with an $11 million loss in their third quarter. Sean Previl explains how the company has adjusted the deal in an attempt to earn back profits, and why it's still going to end up with a big loss going into 2024.
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