Potbelly Sandwich Shop
Potbelly Sandwich Shop still has 474 locations in America, but it is struggling. After reviewing second-quarter fiscal earnings, Potbelly Corp. announced it would be shutting down its international operations, which weren’t making enough to survive. So far, Potbelly Corp. has closed down ten percent of its stores this year. However, the company announced that it had plans to try out a new store format later this year to help stimulate growth.
Potbelly Sandwich Shop
Bojangles
Bojangles’ started closing restaurants in 2018. The chain known for its cheddar biscuits shut down locations in four different states. According to their announcement, it wouldn’t be closing stores in the Carolinas, but the heaviest losses would be in Virginia, West Virginia, Tennessee, Alabama, and Kentucky. In late November, there was a buyout. Durational Capital Management bought the company for $16 a share. Durational is planning to revamp the chain and allegedly, it will be focusing more resources on its more profitable stores, closing down those that are losing money.
Bojangles
