Sbarro Pizza Bankruptcy: Fast-Dropping Popularity Of Malls Slams Chain’s Bottom Line

Mar 13, 2014 1569

Sbarro Pizza, the 58-year-old chain of pizza joints that lets mall shoppers and airline travelers stuff themselves on oversize sliced of New York style pizza and other Italian fare, has filed for bankruptcy protection — again. The Sbarro pizza company was still digging its way out of debt after a 2011 bankruptcy, but still has somewhere between $100 million and $500 million worth of red ink on its ledger.

Perhaps the most severe problem Sbarro Pizza has to deal with is one the company can do very little to fix, no matter how many times it files Chapter 11. People just don't shop in malls anymore — at least not the way they used to. A large number of Sbarro outlets were situated in mall food courts where consumers making a day of it could take a break from stuffing shopping bags to stuffing their faces.

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Source: http://www.inquisitr.com/

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