Eating Fresh Just Got Tougher – Subway to Close 500 Stores
Fortunately, this isn't a sign of the impending apocalypse. There's a silver lining here.
At first glance, it sounds pretty bad. Subway is planning on closing around 500 of its restaurants nationwide. It's a tough pill to swallow, considering they already closed 800 stores last year. So what's going on?
Subway says they want to focus on putting restaurants in better locations, which they hope will in turn boost sales for the national sandwich chain. With the 500 U.S. stores they'll be closing, Subway plans to open around 1,000 new stores across the globe, including India, Germany, and South Korea. Representatives from Subway elaborated via email:
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.
Hopefully this helps Subway get their head above water. Between the controversy surrounding former spokesperson Jared Fogle, and public outcry about their Five Dollar Foot Longs not actually being 12" in length, Subway is overdue to turn a corner.
No word yet on if any Subway stores in the Treasure Valley will be affected by the wide swath of closings.