Slumping industry sales have taken their toll on Uno Restaurant Holdings Corp, which filed for bankruptcy on Wednesday. The Massachusetts-based company is the owner of the Uno Chicago Grill restaurant and pizzeria chain.
The filing comes after a tough year for the casual dining sector. As several companies slashed prices to draw in customers, a corresponding sales slump dampened profits. DineEquity's ( din - news - people )Applebee’s stores saw a 4.3% drop in sales last year as it competed to give consumers the best deals and meals for their money.
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