...Sbarro
Sbarro Sbarro Sbarro. Sbarro has filed for Chapter 11 bankruptcy protection. Sbarro had total assets of approximately $471 million and about $486.6 million in debt, according to the bankruptcy filing. They have been able to shed about $200 million in debt after reaching a deal with lenders. In the bankruptcy filing, Sbarro said it was hurt in 2007 and 2008 by increasing costs for cheese and flour, with its troubles escalating in 2009 when mall traffic dropped during the recession. The company has been around sense 1956 and 1st debuted in a mall in 1967. So we all know the problem with Sbarro, their prices. You cannot charge $4 for a single slice of cheese pizza when you can get a whole pepperoni pizza for $5 at Little Caesars. I do not care if it s a New York size slice, that price only flies in New York and maybe Cali, but they do not really eat the pizza there, if you know what I mean. I do see them rebounding, but not for long. They will have to come up with a better formula and figure out a way to lower their prices all around with their food, even if that means shrinking the sizes, which most companies are doing anyway, but instead of leaving their prices the same they should lower them and then they will see their profits slowly rise. Though it is easier said than done, it is possible. I like Sbarro a lot, even their sometimes not so great lasagna and their always great garlic bread. Until they rebound and rebound well I am giving Sbarro a Digit Down.
Sbarro Sbarro Sbarro. Sbarro has filed for Chapter 11 bankruptcy protection. Sbarro had total assets of approximately $471 million and about $486.6 million in debt, according to the bankruptcy filing. They have been able to shed about $200 million in debt after reaching a deal with lenders. In the bankruptcy filing, Sbarro said it was hurt in 2007 and 2008 by increasing costs for cheese and flour, with its troubles escalating in 2009 when mall traffic dropped during the recession. The company has been around sense 1956 and 1st debuted in a mall in 1967. So we all know the problem with Sbarro, their prices. You cannot charge $4 for a single slice of cheese pizza when you can get a whole pepperoni pizza for $5 at Little Caesars. I do not care if it s a New York size slice, that price only flies in New York and maybe Cali, but they do not really eat the pizza there, if you know what I mean. I do see them rebounding, but not for long. They will have to come up with a better formula and figure out a way to lower their prices all around with their food, even if that means shrinking the sizes, which most companies are doing anyway, but instead of leaving their prices the same they should lower them and then they will see their profits slowly rise. Though it is easier said than done, it is possible. I like Sbarro a lot, even their sometimes not so great lasagna and their always great garlic bread. Until they rebound and rebound well I am giving Sbarro a Digit Down.
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