Former Subway spokesperson Jared Fogle could not be reached for comment.
Posted on 04/27/2018 8:35:15 AM PDT by SeekAndFind
According to the restaurant chain, it will be closing down the 500 stores as it looks for the best locations for its business. Subway notes that it will also be relocating some of its stores in an effort to maximize its potential in the U.S.
Subway doesn’t yet have a list of the 500 U.S. stores that it will be closing. However, the closures also may not be a surprise to those following the company. It has been struggling to overcome its competition and closed over 800 U.S. restaurants in 2017.
While 500 Subway locations closing down may seem like a large amount, the chain still had a total of 25,908 stores after the closures from last year. Even with the new closures, its store number in the U.S. won’t drop below 25,000.
Subway says that it will also be refocusing its efforts outside of the U.S. This will have the chain opening a total of 1,000 new locations in countries outside of North America. It is also updating several restaurants to give them a more modern look, reports Bloomberg.
(Excerpt) Read more at finance.yahoo.com ...
I thought they sold franchises.
ML/NJ
They have lots of competition now they didn’t used to..................
Won’t be missed.
Jimmy Johns is much better.
Firehouse Subs is MUCHO better!!
Tried Jimmy Johns a couple of times and wasn’t all that impressed.
Do like Jersey Mikes and Firehouse Subs.
I'll drive 8 miles to the closest Jimmy-Johns if my local true Italian deli is closed.
Former Subway spokesperson Jared Fogle could not be reached for comment.
Don’t disagree, especially with Firehouse subs, just that you are paying 2-3x and Subway has the Italian BMT which cannot be duplicated!
There are way too many Subways. I have 5 Subways in a 3 mile radius from my home. They are in competition with each other.
I rarely eat at subway but did buy one of their Turkey, bacon, chipotle wraps with lettuce and red onions. The turkey they use has absolutely no flavor and was undetectable. I will not buy another one.
Fogle is now the king of jailhouse foot longs.
I wonder if any of these will be the gas-station variety?
We have 3 Subways in town, which is 2 too many
Their problem may be at the district level rather than the individual store level.
In downtown San Antonio, there were three Subways in walking distance of one another.
Its called saturation. So they close a few. No biggie.
Damn you, Jared!
Speaking of flavorless meat, wasn’t it Subway whose “meats” were found by researchers / investigators to be less than 50% actual meat?
Crappy bread-heavy sandwiches with ingredients of marginal quality for far too long.
True!
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