MOD Pizza, the largest fast-casual pizza chain in the United States, is reportedly considering bankruptcy, a move that could happen within the week according to Bloomberg. With over 500 locations nationwide, the chain is exploring ways to improve its financial situation, but the looming bankruptcy filing raises significant concerns, particularly for its numerous locations in San Antonio.
Last year, MOD Pizza closed 26 underperforming restaurants across 10 states and Washington, D.C. These closures, largely in California, Philadelphia, Chicago, and Dallas, were primarily due to the poor performance of those locations. CEO Beth Scott assured that the decisions were not directly linked to California’s new $20 minimum wage law, though rising wages did impact some of the shuttered stores. Employees affected by these closures were offered severance packages when transfers weren’t feasible.
San Antonio, with its numerous MOD Pizza locations, is particularly vulnerable if the company proceeds with bankruptcy. The local community could face the closure of several stores, mirroring the fate of those closed last year. Such a move would not only affect employees but also the local economy and pizza lovers who have come to enjoy MOD’s unique offerings.
For San Antonio, the potential closure of MOD Pizza locations would be significant, reflecting broader economic challenges and shifting consumer preferences. As the situation develops, employees and customers alike will be watching closely, hoping for a resolution that keeps employees employed while still serving the community with great pizza and service.
