Decrease in mall traffic takes a bite out of the pizza business

Bankruptcy closes some popular pizza places

If you love the Italian cuisine served up by Sbarro, the popular Italian restaurant chain that is in many of the malls across the United States, you may not be happy about this story.  Sbarro is preparing to file for bankruptcy protection citing slower mall traffic as one of the reasons for lost revenues.  This will be the second bankruptcy filing for the piazza giant since 2011.  As part of the current restructuring plan, Sbarro plans to close about 155 locations across North America.

For the full story see, “Sbarro Said to Prepare Bankruptcy Filing as Mall Traffic Slows.”

Image credit: SanFranAnnie