Red Lobster Closes Iconic Times Square Location: What It Means for Your Next Seafood Fix and Wallet
The neon sign over Red Lobster‘s massive Times Square location has gone dark for good. While fans mourn the loss of the tourist-favorite spot, the real story is what this closure signals for your dining budget nationwide. The restaurant chain has been pulling back on prime real estate to cut costs, and that shift is hitting your wallet two ways: fewer locations might mean higher prices for your cheddar bay biscuits as they try to stay afloat, and that struggling vibe could lead to even more slimmed-down menus and smaller portions. If you’ve got a gift card or a birthday coupon, use it now—experts warn that if the chain keeps shrinking, those savings could vanish. Don’t wait for the next location to close to start pinching pennies.