Chain Store Age
Subway Restaurants, the world’s most ubiquitous dining chain, will continue closing U.S. stores as it expands internationally.
peppering the nation with thousands of locations, closely held Subway
is retrenching. This year, the sandwich purveyor is planning to shut
about 500 more of its U.S. shops. Last year, more than 800 stores went
dark, with the total U.S. count dropping to 25,908. It also closed
restaurants in 2016.
want to be sure that we have the best location,” Chief Executive
Officer Suzanne Greco, 60, said in a phone interview. “We focused in the
past on restaurant count. We’re focused now on strengthening market
share.”. . . more