Subway to close 500 restaurants across the US

27 April, 2018, 01:20 | Author: Corey Lynch
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Subway's footprint in the USA will shrink as it expects to close "several hundred" locations this year, a company spokesman said.

Sandwiches can be found in fast-food chains, gas stations, Panera Bread, Starbucks, and even outlets not previously seen as competitors such as Target and Walgreens, according to Fortune.

The sandwich chain says it plans to focus on the better performing locations.

The company, however, plans to counter those closing with a larger "global" presence- opening approximately 1,000 stores internationally. In recent months Subway sources told Business Insider that around a third of the chain's USA locations may not be profitable.

Subway stores are all franchise owned.




The revitalization plan is part of chain's recent attempt to rebrand itself. And in July, Subway began rolling out a big redesign of its stores, which included a bright, new color palette, inspired by fresh vegetables.

Looking out over the next decade, we anticipate having a slightly smaller, but more profitable footprint in North America and a significantly larger footprint in the rest of the world. "They've been closing stores for a long time".

Meanwhile, the chain is hoping to boost business by launching a new loyalty program, remodeling stores, and adding touch-screen kiosks for ordering.

Subway also took a public relations hit in 2015 when Subway spokesman Jared Fogle pleaded guilty to charges of child pornography and crossing state lines to pay for sex with minors. "Our commitment to the Franchisees is to work with them to make each restaurant more successful".

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