Food These Two Beloved Pizza Chains Are Close To Bankruptcy

20:11  30 september  2020
20:11  30 september  2020 Source:   eatthis.com

9 Pizza Styles to Know & How to Make Them at Home

  9 Pizza Styles to Know & How to Make Them at Home Pizza generally means one thing—in that everyone understands what you're talking about when you say the word—and yet, the particular type of pizza one thinks of can vary widely, especially if we're talking about the best pizza. There are so many different styles of pizza in America (and even in Italy), that one never fits all. Here are nine kinds of pizza that you should know. © Provided by Chowhound Sicilian pizza recipe Which Type of Pizza Is the Best? There are plenty of guides out there that will try to tell you what makes a great pizza and point you in the direction of where to find it.

In this current climate, national restaurant chains are filing for bankruptcy more often than ever before, as the financial burden the pandemic has imposed on independent businesses and even corporate giants is irreparable. While many beloved chains have already filed for Chapter 11 bankruptcy, from a beloved steakhouse such as Sizzler USA to a renowned bakery like Maison Kayser, others appear to be hanging on by a thread. (To find out which restaurants are struggling nearest you, check out 9 Restaurant Chains That Closed Hundreds of Locations This Summer).

The highest calorie items at 30 top fast-food restaurants

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a close up of a person holding a slice of pizza: pie five pizza © Provided by Eat This, Not That! pie five pizza

Two such establishments that are currently fighting for survival are Rave Restaurant Group's own fast-casual pizza restaurant, Pie Five as well as the pizza buffet chain, Pizza Inn. According to the parent company's most recent financial filing, the pandemic has "dramatically reduced aggregate in-store retail sales at Buffet Units and Pie Five Units" and despite increased takeout and delivery sales, it's not enough to keep both brands stable.

As a result, Rave Restaurant Group has had to cut base salaries by 20% and even furlough several of its employees. The parent company has already closed 16 Pie Five and four Pizza Inn stores this year. This isn't the first year Pie Five, which serves craft pies, calzones, and salads, has had to close locations due to poor performances. Between 2017 and 2018, the chain closed 27 locations across the United States. Currently, Pizza Five only operates in 13 states. (Related: These 5 Classic American Restaurant Chains Are Close to Disappearing)

How to get a free pizza at 7-Eleven

  How to get a free pizza at 7-Eleven There’s not much quite like a delicious, cheesy pizza, except a free delicious, cheesy pizza. And you can get just that at 7-Eleven on Sunday, Oct. 4. The convenience store chain is offering whole pies at no cost to customers who order through the 7NOW delivery app in participating markets. What Not to Microwave: Pizza, Hot Dogs and More The one-day-only offer is good for delivery or pickup, and if you’re new to the app you can use the promotion code “SCORE50” to unlock $50 in delivery credit. To get the code, you have to sign up before the end of day on Oct 3. The credits will expire within 30 days.So, about that pizza.

Overall, Pie Five's total sales have dropped by over 37% this year, with same-store sales declining nearly 16% during the fiscal year. Pizza Inn's total sales while not as severe as Pie Five's also plummeted, but only marginally so by 13.7%. Same-store sales for the buffet-style pizza chain also only fell 8.8% this year.

The future of Pie Five and its sister brand Pizza Inn looks grim based on Rave's latest financial report, however, the parent company has yet to file for Chapter 11.

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