Hot Dog on a Stick, originally launched in 1946 at Santa Monica Beach but now counting 93 locations across the west, has filed for Chapter 11 bankruptcy. In a press release, CEO Dan Smith cites "declining mall foot traffic" as one reason for the chain's diminishing sales. But all isn't lost. Hot Dog on a Stick is restructuring its business and will renegotiate and lower lease prices to continue on. [LAist]
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Chapter 11 Woes
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