Why These 3 Once Thriving Franchises Have Fallen on Hard Times
Why These 3 Once Thriving Franchises Have Fallen on Hard Times
NEWS ARTICLE - 8/1/2014 - By Jason Daley (Entrepreneur.com)
Entrepreneur.com writer Jason Daley examines three once thriving franchises that have had a hard time staying relevant since the turn of the millennium. The three franchises that Daley dissects in this piece are Sbarro Pizza, Quizno's Subs, and RadioShack - all of which in varying capacities have been unable to not only retain their market share, but to keep their doors open. Batteries Plus Bulbs CEO Russ Reynolds gives his take on why a company like RadioShack, which at one point boasted over 4,000 stores throughout the U.S., has now filed for bankruptcy. Reynolds cites "chasing the bright, shiny object", referring to RadioShack's attempt to break into the cell-phone retail market, as one of the pitfalls ultimately leading to the company’s undoing. Read More opens in new window
