Who Are Red Lobster's Competitors

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Red Lobster, which is more than 40 years old seafood restaurants. It was founded in 1968 by Bill Darden. At that time he saw an opportunity to provide mainstream Americans high quality sea food. Before opening this chain of restaurants he had experience of 30 years in managing restaurant business. Even he opened his first restaurant when he was just 19 years old in 1938. During these 30 years he mastered in operating restaurants efficiently, preparing the food quickly and serving with good representation at low cost so that mainstream customers can easily afford it. These skills put him in a favourable position to exploit the opportunity of business in high quality sea food. In the first month after opening Red Lobster the demand was too high …show more content…

However Long John Silver’s is based on quick service instead of casual dining with full service. So customer base of these two chains is different. Another competitor is Joe’s Crab Shack which was operating at national level and offering the same price unit as Red Lobster ($19). It had 113 locations until 2004 and serving in the same category in which Red Lobster is operating. Bonefish was competitors with 150 locations however average price unit was $39 here. The number of restaurants for casual dining seafood category is more than 8000 in United States. Despite the competition market share of Red Lobster is highest that is …show more content…

That is why there was need to change the perception of people and reposition the Red lobster as first category restaurant in sea food. To handle this situation Lopdrup launched a plan with three phases. First phase was to achieve operational excellence and this phase was to be implemented immediately i.e. in 2004. Second phase was to reposition itself to change the perception of people regarding freshness. Third phase was to remodel the restaurants by creating comfortable

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