Lobster-loving Americans willing to pay for crush on crustaceans
Winnipeg
COMPARED with most lunch sandwiches, the lobster rolls Alex Robinson sells from the side of his blue Happy Lobster Truck in downtown Chicago were already pricey. So, he was worried customers would go elsewhere after he started charging US$17 instead of US$15 to cover higher costs.
Turns out, Americans still have a crush on the crustaceans, and many are more than willing to pay. Even after the price increase this year, Mr Robinson says he hasn't lost any business. The 4 ounces (113 grams) of wild-caught Maine lobster that he drizzles with butter and a touch of mayonnaise on a bread roll remains his best-selling item.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue