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Many S'barro's go s' bye bye. S'barro's closes a lot of stores


DaveO
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...A little news in the world of pizza, mall pizza, food court pizza, etc:   S'barro's just announced the closing of a big number of food court pizza/pasta places:  http://nrn.com/corporate/sbarro-closes-155-company-owned-units

Over the last three years there has been a remarkable drop in foot traffic visits to malls across the country:  Shopping patterns are changing.  In lieu of taking a shopping trip to a mall wherein one wanders around visiting a variety of stores, customers are searching for deals on the web and their mobiles, choosing good price deals, and either buying items on line, or when they visit a mall they are aimed at one store with one or more items in mind.

Overall foot traffic to malls has dropped at precipitous rates as described in this article in the WSJ:  http://online.wsj.com/news/articles/SB10001424052702304419104579325100372435802

If foot traffic drops the tenants in the food courts will be the ones that suffer.

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