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Potbelly

Operations

Why Potbelly is mulling permanently closing a quarter of its units

 By Heather Lalley on May 13, 2020

The struggling fast casual said it might shutter 100 sandwich shops that were performing poorly before the pandemic as it scrambles to make up ground lost to the impacts of the virus.

Operations

Potbelly is considering closing up to 100 stores

 By Heather Lalley on May 12, 2020

The struggling sandwich chain said same-store sales are now down 45%, up from minus 68% during the height of the coronavirus crisis.

Financing

Potbelly makes a deal with an activist

By Jonathan Maze on May 11, 2020

The struggling sandwich chain has appointed two new members to its board in an agreement with a coalition of shareholders.

Financing

While small operations struggle, chains land PPP loans

By Peter Romeo on Apr. 15, 2020

The relief funds have flowed to operations such as Ruth’s Chris and Potbelly.

Leadership

Potbelly, MOD Pizza add new CFOS

By Heather Lalley on Apr. 14, 2020

The industry veterans join the fast-casual chains during a time of massive disruption due to COVID-19.

Operations

Potbelly starts selling sandwich fixings

By Heather Lalley on Apr. 07, 2020

The sandwich chain is offering presliced meats and cheeses, along with its bread and hot peppers, for curbside pickup and delivery.

Operations

More store closures ahead for Potbelly

By Heather Lalley on Feb. 26, 2020

The struggling sandwich shop is facing pressure from activist investors and falling traffic.

Financing

An activist wants to add directors to Potbelly’s board

By Heather Lalley on Feb. 19, 2020

Potbelly will consider input from the Vann A. Avedisian Trust regarding the nomination of potential directors at the chain’s annual shareholders meeting.

Financing

Will Potbelly be pressured by a new activist?

By Heather Lalley on Jan. 28, 2020

180 Degree Capital Corp. has raised its stake in the struggling sandwich chain.

Financing

Potbelly’s activist investor is still lurking

By Jonathan Maze on Dec. 13, 2019

Ancora Advisors, which has pressured the sandwich chain in the past, recently upped its stake in the company as its stock price continues to fall, says RB’s The Bottom Line.

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