7 Well-Known Brands Publicly Struggling
Easy come, easy go. Companies that were once the darlings of malls and shoppers recently have made headlines for financial struggles. Some were hit by changing consumer tastes and technological changes, while others have cited a tough winter for store traffic.
Here are seven companies that are either closing locations or reported to be struggling financially.
Sbarro LLC, the pizza fast-food chain, is considering bankruptcy protection, the Wall Street Journal reported on Thursday. Citing unnamed sources, the Journal said Sbarro has about $140 million in debt.
Last month, the chain said it was closing 155 of its 400 restaurants in North America to cut costs.