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Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.<br/>NBC reports that approximately 99 Red Lobster locations <br/>will be auctioned off as the seafood chain faces <br/>questions regarding the company's long-term future.<br/>Founder and CEO of the liquidation firm TAGeX Brands, <br/>Neal Sherman, said he would lead the closure of over <br/>50 locations in a May 13 LinkedIn post.<br/>Sherman said equipment from the <br/>locations will be auctioned off.<br/>Locations will reportedly be closed across <br/>the United States, including Denver, <br/>Indianapolis, California and New York.<br/>On May 14, Restaurant Business Magazine reported <br/>a total of 99 locations would close, representing <br/>about 15% of the company's 700 locations. .<br/>NBC reports that the largest seafood <br/>restaurant in the U.S. has struggled with debt, <br/>unfavorable leases and executive turnover.<br/>The chain's troubles also stem from ill-advised <br/>strategies like an all-you-can-eat-shrimp promotion <br/>in 2023 that resulted in a significant loss.<br/>Earlier in 2024, the chain's largest investor, <br/>Thai Union, announced that it would <br/>seek to exit its position. .<br/>The combination of Covid-19 pandemic, <br/>sustained industry headwinds, higher <br/>interest rates and rising material and <br/>labor costs have impacted Red Lobster, <br/>resulting in prolonged negative <br/>financial contributions to <br/>Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.<br/>After detailed analysis, we have <br/>determined that Red Lobster’s <br/>ongoing financial requirements <br/>no longer align with our capital <br/>allocation priorities and <br/>therefore are pursuing an exit <br/>of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC
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Loan Advisor
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Share Market with Vini
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The Consumer Financial Protection Bureau and the Department of Transportation held a joint hearing to discuss whether new regulations are needed for credit card reward programs and airline loyalty programs. Officials argue that for many consumers, the high fees and interest charged on travel rewards credit cards outweigh the value of the rewards and perks earned. Airline-branded credit cards can be much costlier than average cards, with annual fees as high as $650 and interest rates averaging more than 25% compared to no annual fees and about 24% for most cards. Loyalty programs are major revenue generators for airlines, with Delta earning $6.5 billion and Americans expecting 80% of revenue from loyalty members.
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CNBC-TV18
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CNBC Television
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Home Depot reported first-quarter earnings that beat expectations, but revenue missed estimates. The company saw softer sales as high interest rates caused customers to defer large home renovation projects like kitchen and bathroom remodels. Comparable sales dropped over 2% across the business and declined more than 3% in the US compared to the prior year period. Weather also negatively impacted spring sales of outdoor products as many parts of the country experienced colder and wetter conditions. Home Depot reaffirmed its full-year guidance but expected comparable sales to decline.
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CNBC-TV18
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Think Equity - మనీ మేటర్స్
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MENTAL Health in the construction industry really will be tackled - with a fundraising charity football match of epic rivalry  on hallowed turf in Yorkshire.<br/>SoccerTrade, presented by The Trade Hub, will see a team of Plumbers take on Electricians at Barnsley FC's Oakwell, on Friday, May 17, at 1pm.<br/>But it's more than just a bragging rights kick-about amongst trades friends - many of them social media influencers - to determine who gets crowned King Of The Trades.<br/>The charity football match, which will be live streamed, is part of a full day of events to coincide with Mental Health Week, to help raise awareness and funds for charity MIND.<br/>A trades exhibition, featuring 30 exhibitors from around the UK, showcasing latest industry technologies will launch the day from 11am. More than £5,000 worth of raffle prizes are up for grabs, with live entertainment from 5pm including family fun for all the family.<br/>GET TICKETS: ttps://www.ticketfairy.com/event/soccertrade-17may2024<br/>MAKE A DONATION: If you can't attend but want to support the MIND fundraiser visit https://www.justgiving.com/page/soccertradeWATCH LIVE: The SoccerTrade charity match, with lively commentary from favourite tradesmen, will be live streamed for free, kick off 1pm, on YouTube at https://www.youtube.com/@TheTradeHub, on Facebook at https://m.facebook.com/people/TheTradehub/100085872918174/ and on Instagram at https://www.instagram.com/soccertrade.co.uk/Behind the scenes video will be live on TikTok at https://www.tiktok.com/@tiktoktradesman?lang=en.Also watch a Facebook Live preview and updates, launching the day,  on Friday, May 17, at 11am at https://www.facebook.com/yorkshirepost.newspaper/live and https://www.facebook.com/sheffieldstar/liveOrganiser Adam Hoyland, founder of The TradeHub https://thetradehub.app/home  said: \
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Can Fin Homes Ltd
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NSE BSE Official
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