Sbarro has filed for Chapter 11 reorganization for the second time in three years.
The bankruptcy filing by the struggling pizza chain Monday comes after the company shuttered 155 of its U.S. locations last month. Sbarro had cited declining traffic in the mall food courts where it does much of its business for the closings.
The company did not immediately provide details on whether any marketing or in-store changes were planned to help update its image and boost sales.
It says it still has more than 800 locations worldwide.
Sbarro also filed for bankruptcy protection in April 2011 and emerged a few months later, saying that it significantly cut its debt and received a capital infusion. A new CEO then led a push to revitalize the chain’s image by touting new recipes and ovens.
China auto sales rise; domestic lines weaken
China’s auto sales rose 11.3 percent in the first two months of this year, but domestic brands suffered a decline in a sign of intense competition in the world’s biggest auto market, an industry group reported Monday.
Sales for the two-month period totaled 3.1 million vehicles, according to the China Association of Automobile Manufacturers. Sales by domestic auto brands declined 1 percent to 1.2 million vehicles.
Earlier, General Motors Co. said sales of GM-brand vehicles by the company and its Chinese partners rose 19.9 percent in February over a year earlier to a monthly record of 257,770. Ford Motor Co. said combined sales in January and February rose 73 percent to 128,882 while February sales rose 67 percent to 73,040.
Japanese automakers had strong February gains as they shook off the effects of tensions between Beijing and Tokyo over ownership of uninhabited islands in the East China Sea.
Canceled flights surge at American, Airways
American Airlines and US Airways canceled more than 14,000 flights last month – more than double the rate from a year earlier – as winter storms disrupted air travel.
American Airlines Group Inc. said Monday that the cancellations hurt first-quarter profit, but it didn’t give a figure. The company said it expects to give more details in early April.
American and US Airways canceled about 28,000 flights in the first two months of the year, up 164 percent from the same period in 2013.
Development chief returns to air board
Greater Fort Wayne Inc. announced Monday that Patrick Dooley returned as director of airport development.
Last October, Dooley accepted a management position with Travelex of New York. During his absence, Dooley’s position went unfilled. He resumed his duties with the Fort Wayne-Allen County Airport Authority on Monday.
We are looking forward to having an employee that can hit the ground running and we welcome (Dooley) back to our staff, John Urbahns, executive vice president of economic development for Greater Fort Wayne, said in a statement.
Dooley’s experience includes a decade with Indianapolis International Airport, where he was airport director, vice president of business development, director of marketing and director of retail.