Tags: Sbarro | mall | pizza | food

Sbarro Closing 155 North American Locations

Wednesday, 19 Feb 2014 03:55 PM

Sbarro, the Italian restaurant chain that’s a fixture in mall food courts, is closing 155 of its locations in North America in an attempt to improve the company’s profitability.

The move is part of a broader plan to boost financial performance under a new management team, according to a statement today. The closures affect underperforming company-owned stores and not franchise locations, Sbarro said.

The Melville, New York-based pizza chain is still trying to rebound after emerging from bankruptcy in 2011. Sbarro’s restaurants are concentrated in malls, where slowing traffic and muted consumer spending has taken a toll on food courts. Even as it scales back operations in its home country, the company has expanded overseas, including adding South American locations last year.

“Despite the closures announced today, Sbarro remains a vibrant and growing brand with more than 800 stores worldwide, including 81 that were opened in 2013,” the company said in the statement.

© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
Companies
Sbarro, the Italian restaurant chain that's a fixture in mall food courts, is closing 155 of its locations in North America in an attempt to improve the company's profitability.
Sbarro,mall,pizza,food
153
2014-55-19
Wednesday, 19 Feb 2014 03:55 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved