Industry News | February 20, 2014
Sbarro Comments on Store Closings
Sbarro announced the closure of 155 of its North American, company-owned eateries.
The action represents an important step towards improving the financial performance of the company and is designed to facilitate continued growth and investment in the brand. This action is part of a series of steps taken and planned by the new leadership team that took over in 2013. The closure of the company-owned stores will not affect franchised owned locations.
The closure of these underperforming stores will significantly improve the profitability of the company, company officials say.
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