Saturday, December 23, 2017

Subway closed over 900 stores this year as franchisees claim promotions have 'decimated' business


By Business Insider, Dec. 21, 2017

Subway is in a downward spiral.

The sandwich chain's US store count dropped by 909 locations in 2017, according to figures that a Subway representative provided to Business Insider. That represents more than 3% of the chain's 2016 US stores.

The chain has 25,835 shops open and operating in the US, according to the representative, compared with 26,744 at the end of 2016.

In 2016 sales at the chain reportedly fell 1.7% and its store count dropped by 359 locations in the US — marking the first time in the company's history that the chain closed more stores than it opened.


Read More: http://www.businessinsider.com

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