Red lobster times square closure proves common sense is dead in big business.
Oh, so Red Lobster Times Square closure is finally happening? About time someone said it. This is just common sense. How do you rent a space in the most expensive real estate in the world and expect to make money selling $20 all-you-can-eat shrimp? I drove past that building last week and saw tourists walking out with doggy bags bigger than their hotel rooms. The business model was a disaster from day one. Wall Street suits might call it a 'strategic realignment,' but we all know it’s just basic math. You can't charge rent with cheddar bay biscuits. Save your tears for the parking lot. It’s the same story everywhere—overpaying for flashy locations while forgetting that people want value, not a Times Square souvenir menu.