As more shoppers buy items on-line, they have fewer excursions to their local malls, and when they do go there, they appear to be spending less time in the mall, getting in and getting out without lingering to have lunch.
This has caused a sharp decline in consumer purchases at the malls’ food courts. As further proof of this, both Quiznos and Sbarrow have both recently filed Chapter 11 bankruptcy. For Sbarrow, it is their second Chapter 11 in the past three years. It seems that consumers are continuing to be attracted to low priced and healthier eating options, as evidenced by the popularity of Subway’s $5.00 footlong sandwiches, and its touting of healthier options.
While Subway continues to expand, Quiznos has gone in the opposite direction, shrinking from 4,000 stores to its present 1,500 stores, which is a drop of more than 1/3 of its retail outlets.
Michael B. Katz, Esq.