Christine Blank, a veteran freelance writer and editor, covers all aspects of the seafood industry, from fishing to processing to selling and serving the final product. When she is not writing for SeafoodSource, Christine gets to taste scrumptious seafood dishes at U.S. restaurants for her food and travel blog, Flavorful Excursions (www.flavorfulexcursions.net). Christine loves to eat seafood of any kind, but lobster, crab and crawfish are among her favorites. In addition to SeafoodSource.com and SeaFood Business, Christine’s articles have been published in hundreds of leading magazines and newspapers, such as The New York Times, USA Today and Associated Press.
Author Archive
Red Lobster and Rubio’s Restaurants filing for bankruptcy, higher menu prices, and lower foot traffic have created a challenging environment for many U.S. restaurant operators, yet major foodservice distributors continue to grow their sales.
Rosemont, Illinois, U.S.A.-headquartered US Foods reported a 4.8 percent year-over-year net sales hike in Q1 2024, amounting to USD 8.9 billion (EUR 8.2 billion). Its gross profit increased 4.8 percent
… Read More
Around 90 unsecured creditors that are owed more than CAD 1.9 million (USD 1.4 million, EUR 1.3 million) in Toppits Foods’ bankruptcy filing may not ever receive the funds, it was revealed at the first hearing of creditors on 31 May.
The Brampton, Ontario, Canada-based seafood supplier and value-added processor declared bankruptcy on 14 May and lists CAD 6 million (USD 4.4 million, EUR 4 million) in assets, according to the Office of the
… Read More
Red Lobster has been authorized to pay millions of dollars to vendors, a judge overseeing the restaurant chain’s bankruptcy petition ruled.
Additionally, the Orlando, Florida, U.S.A.-based operator of around 550 restaurants may close more than 100 additional restaurants if it’s unable to renegotiate leases, according to bankruptcy documents.
U.S. Bankruptcy Judge Grace A. Robson is permitting Red Lobster to pay up to USD 49.8
… Read More
Target, Walmart, and Amazon Fresh are the latest grocery chains in the U.S. to lower prices, after Southeastern Grocers and Giant Food announced initiatives to lower prices this spring.
Walmart said it rolled back prices on nearly 7,000 items in its stores.
"Our combination of everyday low prices, plus a large number of rollbacks, is resonating,” Walmart CEO Doug McMillon said on the company’s Q1 2024 earnings call, according to
… Read More