Today, Sbarro announced the closure of 155 of its North American, company-owned restaurants. The company issued the following statement:
“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 does not affect our franchised owned locations.
“The closure of these underperforming stores will significantly improve the profitability of the company. Despite the closures announced today, Sbarro remains a vibrant and growing brand with more than 800 stores worldwide, including 81 that were opened in 2013.”