Rich Chinese shoppers’ appetite slows as confidence falters

There’s been a “decline in optimism” since April among Chinese high-net-worth individuals in the past six months, according to a report released this week by Agility Research & Strategy — a consulting firm focusing on the affluent — which tracks consumer sentiment among wealthy Chinese each month. Agility surveyed 2,000 affluent Chinese, including more than 600 high new worth individuals who are US dollar millionaires. Poor investment performance — both in real estate and the financial market — took a significant toll on their confidence during the latest quarter, the report said. 

An initial rebound in the first quarter of 2023 after China’s reopening from Covid gave way to a “steady downward trend” that’s continued through October, the report said. The we…

New $20 Lobster & Shrimp Scampi Joins Red Lobster’s Daily Deals Lineup Starting September 25, 2023

Available every Monday for $20 as part of the brand’s Daily Deals (weekdays) promotion, new Lobster & Shrimp Scampi features a Maine lobster tail paired with the brand’s signature Garlic Shrimp Scampi for 20 bucks.

Red Lobster’s Daily Deals menu now includes:

  • Monday: $20 Lobster & Shrimp Scampi: A Maine lobster tail paired with our signature Garlic Shrimp Scampi.
  • Tuesday: $20 Crab Your Way: Enjoy a full pound of snow crab legs prepared your way over crispy potatoes, with your choice of side. Enjoy simply steamed or with roasted garlic butter.
  • Wednesday: $25 Steak and Lobster: A Maine lobster tail paired with a 7-oz. sirloin, served with your choice of side.