7 Big Brands That Are Struggling

PHOTO: In this file photo, the first Quiznos is pictured in Denver, Colo. on Aug. 19, 2011.
Kathryn Scott Osler/Getty Images

Quiznos and Sbarro, beloved darlings of fast-casual diners, both confirmed this week they have filed for bankruptcy protection.

Here are seven companies that are either closing locations or are struggling financially.

PHOTO: In this file photo, the first Quiznos is pictured in Denver, Colo. on Aug. 19, 2011.
Kathryn Scott Osler/Getty Images
Quiznos

Quiznos, based in Denver, has filed for bankruptcy, after reports two weeks ago that the company was considering a Chapter 11 filing.

The sandwich chain says it hopes to reduce its debt by over $400 million.

Read More: Quiznos Files for Chapter 11 Bankruptcy Protection

The chain has closed thousands of Quiznos franchisee locations in the last few years. It has about 2,100 locations. That's compared to Subway's 41,391 restaurants in 104 countries, according to Subway's website.

PHOTO: In this file photo, a Sbarro restaurant is pictured on April 4, 2011 in Chicago, Ill.
Scott Olson/Getty Images
Sbarro

On Monday, Sbarro LLC, the pizza fast-food chain, filed for bankruptcy protection for the second time in three years.

Read More: Sbarro Files for Bankruptcy Protection Again

Last month, the chain said it was closing 155 of its 400 restaurants in North America to cut costs.

PHOTO: In this file photo, a Barnes & Noble is pictured on Sept. 27, 2011 in New York City.
Steve Mack/Getty Images
Barnes and Noble

Other book stores would shudder at news of a Barnes and Noble store opening nearby during the chain's 1990s heyday. Eventually, competitors such as Borders fell to the wayside - but Barnes and Noble has had its struggles, as well, despite remaining on top.

The Motley Fool has reported that the company may have over-invested in its Nook e-books but failed to compete effectively with Amazon's Kindle when the mega online retailer introduced its own tablets.

Barnes and Noble made a $63 million profit last quarter after reporting a loss previously, so things appear to be improving at the book chain.

The company still has a sizable number of stores: 700, in all 50 states, according to the company website.

PHOTO: In this file photo, a Blackberry cell phone is pictured on Nov. 4, 2013 in Miami, Fla.
Joe Raedle/Getty Images
Blackberry

Back in December, Blackberry announced that it lost $4.4 billion in its third quarter, and bruising competition drove restructuring at the company.

This week, the company sold its U.S. headquarters in Irving, Texas, to Brookfield Property Group for an undisclosed sum.

Though it no longer may be the corporate smartphone maker of choice, the Canadian company could be experiencing a turnaround under CEO John Chen since November, as Blackberry stock has risen more than 50 percent.

Chen said he hopes to focus on Blackberry's devices, server business and Blackberry Messenger, its chat service.

PHOTO: In this file photo, a Staples office supply store is pictured on Aug. 15, 2006 in Novato, Calif.
Justin Sullivan/Getty Images
Staples

On March 6, Staples announced it would close 225 stores of its 1,846 locations in North America. As part of the announcement, the company said almost half of its sales are made online. The company may save about $500 million in its cost-cutting efforts.

Read More: Staples to Close 225 Stores as Sales Move Online

The company, based in Framingham, Mass., began in 1985.

PHOTO: In this file photo, people walk by a RadioShack store on March 4, 2014 in San Francisco, Calif.
Justin Sullivan/Getty Images
RadioShack

Earlier this month, RadioShack announced it was closing 1,100 stores, leaving the company with 4,000 locations. RadioShack reported a quarterly loss of $191.4 million for the three months that ended Dec. 31. The company has revamped its image from a place to buy electronics to a wireless provider.

Read More: RadioShack Closing One-Fifth of Its Stores as Troubles Grow

"Our fourth quarter financial results were driven by a holiday season characterized by lower store traffic, intense promotional activity particularly in consumer electronics, a very soft mobility marketplace and a few operational issues," said CEO Joseph C. Magnacca in a statement.

PHOTO: In this file photo, a Sears store located at the Eaton Centre is pictured on its last day of operations on Feb. 23, 2014 in Toronto, Canada.
Carlos Osorio/Getty Images
Sears

After closing hundreds of stores over the last few years, Sears Holdings Corp., which owns its namesake Sears department stores and Kmart, reported a $358 million loss in its fourth quarter, the company said in February.

CEO Eddie Lampert called the holiday season "tough to terrible," the Associated Press reported.

Read More: Sears 4Q Loss Narrows as It Lowers Expenses

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