Red Lobster has struggled and reportedly is considering a bankruptcy filing.
Mandatory Credit:	Michael Nagle/Bloomberg/Getty Images/File via CNN Newsource

Red Lobster has struggled and reportedly is considering a bankruptcy filing.
Mandatory Credit: Michael Nagle/Bloomberg/Getty Images/File via CNN Newsource

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What went wrong at Red Lobster

In 2003, Red Lobster ran an “Endless Crab” promotion. The all-you-can-eat deal backfired spectacularly.