Subway closing 500 stores in US

Anna Jefferson
April 27, 2018

It will meanwhile open about 1,000 locations worldwide.

With some 27,000 locations in the United States, by far, Subway has the most locations of any restaurant chain.

There could be a few hundred less Subway locations in North America - and Western New York - by the end of the year. This year, the sandwich purveyor is planning to shut about 500 more of its US shops.

Increased dementia risk found from common drugs that treat depression, more
This risk increased by three percentage points among those who had used anticholinergics for more than one year, they said. Other scientists said the study was well done but cautioned that it did not prove the drugs were a cause of dementia.

Subway, whose restaurants are all franchisee-owned and -operated, declined to provide a list of locations on the chopping block.

Last year, Subway closed more than 800 stores nationwide, dropping its total number of USA locations to just below 26,000.

With an estimated 44,000 locations in 112 countries, Subway is the largest restaurant chain in the world, according to the company website.

Bengal panchayat elections to be held in single phase on 14 May
Nine of the eleven candidates have filed nomination through WhatsApp. Any re-poll, if needed, will be held on May 16. Mamata was the designated Home Minister.

"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", a spokesman told CNBC in an email.

The chain, whose slogan is "Eat Fresh", has been hurt in recent years by strong competition from fast-food giants like McDonalds, fast-casual favorites Panera and Chipotle, and even the increasingly growing number of gas stations and convenience stores that serve quick, made-to-order food. Greco said Subway had been hurt by fierce competition in the USA, including from a resurgent McDonald's, whose domestic system sales rose 3.4 percent a year ago, according to data from researcher Technomic. The company is also launching a new loyalty program offering free items and discounts to regular customers.

Bidding war for Sky looms as Comcast offers £22bn
It also owns movie studio Universal Pictures, home to "Minions" and "Jason Bourne" movies and some theme parks. Comcast is working with Sky's directors to see if its deal will be recommended to shareholders.

Other reports by

Discuss This Article