Subway To Close 500 Stores–But, Here’s Why
The largest fast food chain in the world is set to close about 500 stores across the United States.
- Subway 44,000
- YUM (KFC, Taco Bell and Pizza Hut) 17,500
- McDonald's 14,000
2015 was the Jared Fogel scandal and 2016 was the first year that Subway trimmed some of its stores rather than added. THOUGH, Subway is opening 1000 stores overseas in the future.
revitalization plan, announced last summer, that will require franchise owners to invest more in their operations. All Subway stores are franchise owned, rather than owned by the company. The plans to revamp locations include adding self-service kiosks, more comfortable seating and Wi-Fi and USB charging ports", according to Money.com.