Blimpie, a 61-year-old sandwich chain, has closed nearly 2,000 stores. Analysts say this is the result of years of missteps and excessive expansion of the company, while independent restaurants and larger competitors have taken market share.

Blimpie, a 61-year-old sandwich chain, has closed nearly 2,000 stores. Analysts say this is the result of years of missteps and excessive expansion of the company, while independent restaurants and larger competitors have taken market share.