Struggling restaurants announce deals to lure in customers as inflation remains high

As rising inflation continues to affect businesses across the country, several restaurant chains have announced value deals to get cash-strapped customers to return. This week, Red Lobster announced it was shuttering over 50 locations. It comes as the Bureau of Economic Analysis reported on Tuesday that inflation went up 2.2% for the year ending in April. “The reality is restaurants are in trouble, and this is not something we’re going to see consistently going forward because they’re going to have to raise prices to survive,” former CKE Restaurants CEO Andy...