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Toasty Or Toasted? Quiznos Follows Sbarro Into Bankruptcy [Obamanomics Fail]
Forbes ^ | 3/16/14 | Brian Solomon

Posted on 03/15/2014 3:53:14 AM PDT by SoFloFreeper

Restaurant chains are dropping like flies this week.

On Monday pizza franchise Sbarro dipped into Chapter 11 bankruptcy. Following in its footsteps on Friday, sub shop Quiznos announced that it too would sink into bankruptcy as part of a “pre-packaged” deal to cut its debt by more than $400 million, or two-thirds.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bankruptcy; bhoeconomy; fastfood; jobs; layoffs; quiznos
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Local shops WILL remain open as the mother ship restructures....but this is a sign of Obamanomics.
1 posted on 03/15/2014 3:53:15 AM PDT by SoFloFreeper
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To: SoFloFreeper

I think it’s mostly the sign of lousy food. Subway is doing fine. Tim Horton is opening up new restaurants all over the place where I live. Sbarro serves tasteless glop and Quiznos is terrible, IMO.


2 posted on 03/15/2014 3:56:14 AM PDT by jalisco555 ("My 80% friend is not my 20% enemy" - Ronald Reagan)
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To: SoFloFreeper

Helping the middelclass, you all fell for it didnt you. If we dont turn this ship around in 2014 and hold all thier a##es to the fire, it is over johnny, it is over! The minority in this country believes they are the majority and most of the majority believes this to be true! amazing. A hard conservative right and a good house cleaning in all agencies is in order. The cancer cannot be treated with aspirin


3 posted on 03/15/2014 3:58:14 AM PDT by ronnie raygun (Zippy the a##clown sez..............)
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To: SoFloFreeper

4 posted on 03/15/2014 4:01:48 AM PDT by oblomov
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To: SoFloFreeper

Or the sign of a poor business plan. Sbarro tied it’s future to mall food courts. Malls are failing. Quiznos was deep in debt, probably due to the fact that they paid heavily to expand and support their franchises. The company has been shrinking for years. In 2007 there were 5000 Quiznos shops world wide. Currently there are about 2000.


5 posted on 03/15/2014 4:04:08 AM PDT by DoodleDawg
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To: SoFloFreeper

raising the minimum wage and forcing over time rules will save the day!


6 posted on 03/15/2014 4:04:20 AM PDT by School of Rational Thought
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To: SoFloFreeper

As the margins for food service are usually the tightest, they will usually be the first to fail with a lagging economy. The reality is that restaurants are the highest percentage of failed businesses, hands down so it is just what I expected when the gas started to run out of the system that Obama is intentionally imploding.


7 posted on 03/15/2014 4:15:01 AM PDT by mazda77
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To: SoFloFreeper

Quizno’s IMHO has lousy food. Just like Sbarro. If you serve bad food, even if there was a pro-business person in the White House and the economy was growing at 200% a year, if you have lousy food, no one will eat it. In downtown Tampa, Quizno closed, but other restaurant are busy.


8 posted on 03/15/2014 4:21:46 AM PDT by ExCTCitizen (2014: The Year of DEAD RINOS)
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To: oblomov

One, if not the, dumbest ad campaigns for food I’ve ever seen. Good riddance, craphouse.


9 posted on 03/15/2014 4:25:32 AM PDT by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: SoFloFreeper

Sbarro, $8.00 for a slice of pizza and a soda at the mall. First and last time for me.


10 posted on 03/15/2014 4:28:36 AM PDT by jughandle
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To: DoodleDawg

“Or the sign of a poor business plan. Sbarro tied it’s future to mall food courts. Malls are failing.”

Any business that sells anything that isn’t a necessity is failing; they’ve been losing business for years.


11 posted on 03/15/2014 4:30:22 AM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: ExCTCitizen

I think for most Americans, the idea of eating out has gone the way of the dodo. In my area we’ve had restaurants shut down, in some cases replaced by South or Central American restaurants for the immigrants (legal and otherwise). As these immigrants fill the void left by the low American birthrate, they are the new consumers in the economy. Their restaurants are cheap, seemingly unregulated, and cater to people who know how to stretch a buck.


12 posted on 03/15/2014 4:32:57 AM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: jalisco555

I agree in terms of lousy food. Couldn’t stand either one of them. And, I don’t eat Subway either. I used to really like Subway, but in the last 10 years or so, can’t stomach their food.


13 posted on 03/15/2014 4:35:13 AM PDT by ican'tbelieveit
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To: oblomov

I liked Quiznos because their sandwiches were good. However, they had the pepper and sauce bar. Anyway, the last few times I went there, it seemed they did not want to maintain the pepper and sauce bar. Either it was empty or old looking. So I stopped going.


14 posted on 03/15/2014 4:39:58 AM PDT by castlegreyskull
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To: SoFloFreeper

America is dying, and facing the collapse of our dollar, our stock market, our economy, our military, and the basic decency of our society.

15 posted on 03/15/2014 4:42:13 AM PDT by SkyPilot
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To: SoFloFreeper

I know! Let’s raise the minimum wage! Yeah, that’s the ticket.


16 posted on 03/15/2014 4:42:42 AM PDT by MNnice
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To: jalisco555

Uh, Subway just joined forces with Michelle Obama to promote her communist food agenda....


17 posted on 03/15/2014 4:53:31 AM PDT by SoFloFreeper
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To: jughandle
Sbarro, $8.00 for a slice of pizza and a soda at the mall. First and last time for me.

The venerable Burger King may be next. I stopped for a quick fish sandwich, not realizing that a "yes" answer to "would you like cheese on that" bumped the price up a dollar to around $5.50, without coffee or fries. High prices are one thing, sneaky prices are another.

18 posted on 03/15/2014 5:03:55 AM PDT by Pearls Before Swine
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To: SoFloFreeper
How did they go wrong with marketing brilliance like this?


19 posted on 03/15/2014 5:06:17 AM PDT by Vision (Living in beauty)
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To: SoFloFreeper
Went to a Quiznos a few years ago. Ordered a grilled chicken salad. The grease from grill was all over the lettuce. The whole salad was just soggy.

First and last time I was in a Quiznos.

20 posted on 03/15/2014 5:19:05 AM PDT by fatnotlazy
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